This page reflects ARR 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 — ARR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $15.00 (1.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.75
±5.5%
Days to Expiry
14
Calendar days
Total Call OI
5,658
Nearest expiry
Total Put OI
3,554
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$13.59
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
$16.00
8/21/2026, 11:05:49 PM
2026-09-18
$15.00
9/18/2026, 11:04:25 PM
2026-10-16NextUpdated
$15.00
10/2/2026, 11:03:13 PM
2026-11-20
$14.00
10/2/2026, 11:03:13 PM
2027-01-15
$16.00
10/2/2026, 11:03:13 PM
2027-04-16
$16.00
10/2/2026, 11:03:13 PM
Selected expiration: 2026-10-16 at max pain $15.00.
ARR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
2112400
2112400
10
400
1757000
1757400
11
900
1403200
1404100
12
2100
1049400
1051500
13
3500
695900
699400
14
6600
349200
355800
15
75200
125600
200800
16
225600
50300
275900
17
479500
12200
491700
18
870600
2700
873300
19
1359300
1200
1360500
20
1922700
500
1923200
23
3619800
200
3620000
25
4751200
0
4751200
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.