This page reflects ARCC 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 — ARCC
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $19.00 (0.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$0.38
±2.0%
Days to Expiry
11
Calendar days
Total Call OI
3,538
Nearest expiry
Total Put OI
3,066
Nearest expiry
P/C OI Ratio
0.87
Put-heavy
Spot Price
$18.82
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
$18.00
8/21/2026, 11:02:39 PM
2026-09-18
$20.00
9/18/2026, 11:04:22 PM
2026-10-16NextUpdated
$19.00
10/5/2026, 11:04:22 PM
2026-11-20
$19.00
10/5/2026, 11:04:22 PM
2026-12-18
$20.00
10/5/2026, 11:04:22 PM
2027-01-15
$20.00
10/5/2026, 11:04:22 PM
2027-03-19
$20.00
10/5/2026, 11:04:22 PM
Selected expiration: 2026-10-16 at max pain $19.00.
ARCC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
2094200
2094200
14
200
1481000
1481200
15
400
1174500
1174900
16
700
868100
868800
17
1100
561800
562900
18
1500
258100
259600
19
2500
27500
30000
20
121000
700
121700
21
466600
300
466900
22
819500
200
819700
23
1173300
100
1173400
24
1527100
0
1527100
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.