This page reflects APPS 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 — APPS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $11.00 (0.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.48
±13.2%
Days to Expiry
14
Calendar days
Total Call OI
9,676
Nearest expiry
Total Put OI
2,657
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$11.17
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
$9.00
8/21/2026, 11:05:11 PM
2026-09-18
$8.00
9/18/2026, 11:03:27 PM
2026-10-16NextUpdated
$11.00
10/2/2026, 11:04:25 PM
2026-11-20
$9.00
10/2/2026, 11:04:25 PM
2026-12-18
$11.00
10/2/2026, 11:04:25 PM
2027-01-15
$7.00
10/2/2026, 11:04:25 PM
2027-03-19
$10.00
10/2/2026, 11:04:25 PM
Selected expiration: 2026-10-16 at max pain $11.00.
APPS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1340800
1340800
6
12100
1075100
1087200
7
25600
809400
835000
8
40100
546800
586900
9
55800
323800
379600
10
76900
122500
199400
11
120300
42700
163000
12
466100
15100
481200
13
1115100
6500
1121600
14
1844400
400
1844800
15
2650200
0
2650200
16
3597000
0
3597000
17
4560400
0
4560400
18
5527200
0
5527200
19
6494200
0
6494200
20
7461300
0
7461300
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.