This page reflects AU 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 — AU
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $95.00 (0.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$5.30
±5.6%
Days to Expiry
11
Calendar days
Total Call OI
14,565
Nearest expiry
Total Put OI
10,825
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$94.48
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
$95.00
8/21/2026, 11:06:04 PM
2026-09-18
$110.00
9/18/2026, 11:04:47 PM
2026-10-16NextUpdated
$95.00
10/5/2026, 11:05:40 PM
2026-11-20
$95.00
10/5/2026, 11:05:40 PM
2026-12-18
$90.00
10/5/2026, 11:05:40 PM
2027-01-15
$100.00
10/5/2026, 11:05:40 PM
2027-03-19
$90.00
10/5/2026, 11:05:40 PM
2027-04-16
$80.00
10/5/2026, 11:05:40 PM
2027-05-21
$110.00
10/5/2026, 11:05:40 PM
2027-08-20
$90.00
10/5/2026, 11:05:40 PM
Selected expiration: 2026-10-16 at max pain $95.00.
AU pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
42374500
42374500
50
3000
36985000
36988000
55
6500
31600000
31606500
60
10500
26228500
26239000
65
31000
21700500
21731500
70
52000
17511500
17563500
75
73000
13610500
13683500
80
259000
10067500
10326500
85
601000
6944000
7545000
90
1094500
4665000
5759500
95
2447000
3021000
5468000
100
3894000
1870000
5764000
105
5678500
1031500
6710000
110
7819000
611000
8430000
115
11112000
255000
11367000
120
15050000
0
15050000
125
20431500
0
20431500
130
26219000
0
26219000
135
32913000
0
32913000
140
39775500
0
39775500
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.