This page reflects AR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — AR
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-09 shows max pain at $34.50 (0.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.50
Nearest expiry
Expected Move
±$1.07
±3.1%
Days to Expiry
4
Calendar days
Total Call OI
761
Nearest expiry
Total Put OI
408
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$34.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$36.00
9/25/2026, 11:04:00 PM
2026-10-02
$34.50
10/2/2026, 11:03:25 PM
2026-10-09NextUpdated
$34.50
10/5/2026, 11:04:22 PM
2026-10-16
$35.00
10/5/2026, 11:04:22 PM
2026-10-23
$35.00
10/5/2026, 11:04:22 PM
2026-10-30
$35.00
10/5/2026, 11:04:22 PM
2026-11-06
$35.00
10/5/2026, 11:04:22 PM
2026-11-13
$34.00
10/5/2026, 11:04:22 PM
2026-11-20
$36.00
10/5/2026, 11:04:22 PM
2027-01-15
$35.00
10/5/2026, 11:04:22 PM
2027-02-19
$31.00
10/5/2026, 11:04:22 PM
2027-05-21
$30.00
10/5/2026, 11:04:22 PM
Selected expiration: 2026-10-09 at max pain $34.50.
AR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
587350
587350
25
0
384350
384350
26
200
343750
343950
31.5
1300
121000
122300
32
1400
101250
102650
32.5
1750
82250
84000
33
2100
64250
66350
33.5
2450
47000
49450
34
4400
33400
37800
34.5
9800
22350
32150
35
19050
13850
32900
35.5
31850
9950
41800
36
47850
6250
54100
36.5
74350
3700
78050
37
101950
1200
103150
37.5
130150
600
130750
38
158950
0
158950
38.5
188050
0
188050
39
217650
0
217650
40
287650
0
287650
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.