This page reflects AXGN 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 — AXGN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (7.61 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$4.42
±11.8%
Days to Expiry
14
Calendar days
Total Call OI
3,270
Nearest expiry
Total Put OI
288
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$37.39
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
$40.00
8/21/2026, 11:06:29 PM
2026-09-18
$40.00
9/18/2026, 11:05:16 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:04:52 PM
2026-11-20
$40.00
10/2/2026, 11:04:52 PM
2027-01-15
$50.00
10/2/2026, 11:04:52 PM
2027-04-16
$40.00
10/2/2026, 11:04:52 PM
Selected expiration: 2026-10-16 at max pain $45.00.
AXGN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
910250
910250
20
250
835500
835750
22.5
500
761000
761500
25
750
687000
687750
30
1250
540500
541750
35
4750
394000
398750
40
17750
249500
267250
45
60750
123000
183750
50
283250
500
283750
55
667250
0
667250
60
1711250
0
1711250
65
3106250
0
3106250
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.