This page reflects ARRY 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 — ARRY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $4.00 (0.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.40
±9.8%
Days to Expiry
14
Calendar days
Total Call OI
6,631
Nearest expiry
Total Put OI
9,648
Nearest expiry
P/C OI Ratio
1.45
Put-heavy
Spot Price
$4.08
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
$6.00
8/21/2026, 11:04:14 PM
2026-09-18
$5.00
9/18/2026, 11:03:37 PM
2026-10-16NextUpdated
$4.00
10/2/2026, 11:03:19 PM
2026-11-20
$5.00
10/2/2026, 11:03:19 PM
2027-01-15
$5.00
10/2/2026, 11:03:19 PM
2027-04-16
$4.00
10/2/2026, 11:03:19 PM
Selected expiration: 2026-10-16 at max pain $4.00.
ARRY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3016900
3016900
2
1000
2052100
2053100
3
22400
1087300
1109700
4
206900
126900
333800
5
434600
69700
504300
6
796900
53500
850400
7
1201600
37900
1239500
8
1682000
22700
1704700
9
2184400
11800
2196200
10
2723900
3300
2727200
11
3320200
1700
3321900
12
3936300
500
3936800
13
4582800
0
4582800
14
5234800
0
5234800
15
5888200
0
5888200
16
6548800
0
6548800
17
7209600
0
7209600
18
7870400
0
7870400
19
8531700
0
8531700
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.