This page reflects ARW 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 — ARW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $210.00 (32.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$8.75
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
333
Nearest expiry
Total Put OI
207
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$242.01
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
$210.00
8/21/2026, 11:04:17 PM
2026-09-18
$210.00
9/18/2026, 11:04:43 PM
2026-10-16NextUpdated
$210.00
10/2/2026, 11:04:39 PM
2026-11-20
$200.00
10/2/2026, 11:04:39 PM
2026-12-18
$230.00
10/2/2026, 11:04:39 PM
2027-03-19
$170.00
10/2/2026, 11:04:39 PM
Selected expiration: 2026-10-16 at max pain $210.00.
ARW pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
1435000
1435000
155
1500
1121500
1123000
175
5500
703500
709000
190
8500
399000
407500
195
10500
298500
309000
200
12500
199000
211500
210
16500
33000
49500
220
56500
12000
68500
230
170500
8000
178500
240
390500
6000
396500
250
635500
4000
639500
260
940500
2000
942500
270
1331500
0
1331500
300
3110500
0
3110500
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.