This page reflects APPF options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — APPF
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $175.00 (27.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$13.85
±6.8%
Days to Expiry
14
Calendar days
Total Call OI
979
Nearest expiry
Total Put OI
816
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$202.97
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$165.00
8/21/2026, 11:03:55 PM
2026-09-18
$195.00
9/18/2026, 11:04:32 PM
2026-10-16NextUpdated
$175.00
10/2/2026, 11:03:15 PM
2026-11-20
$210.00
10/2/2026, 11:03:15 PM
2027-01-15
$190.00
10/2/2026, 11:03:15 PM
2027-04-16
$210.00
10/2/2026, 11:03:15 PM
Selected expiration: 2026-10-16 at max pain $175.00.
APPF pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
8119000
8119000
80
500
7711000
7711500
85
1500
7303500
7305000
90
3000
6896000
6899000
95
5000
6489000
6494000
100
7500
6082000
6089500
105
10500
5725500
5736000
110
14000
5369500
5383500
115
23000
5025500
5048500
120
32500
4681500
4714000
125
42500
4339500
4382000
135
62500
3658500
3721000
140
73000
3318000
3391000
145
84000
2983500
3067500
150
95000
2651000
2746000
155
106000
2321000
2427000
160
117000
1994500
2111500
165
128000
1678500
1806500
170
231500
1364000
1595500
175
356500
1061500
1418000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.