This page reflects AXSM 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 — AXSM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $200.00 (20.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$6.30
±3.5%
Days to Expiry
14
Calendar days
Total Call OI
2,376
Nearest expiry
Total Put OI
2,462
Nearest expiry
P/C OI Ratio
1.04
Put-heavy
Spot Price
$179.25
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
$220.00
8/21/2026, 11:04:08 PM
2026-09-18
$200.00
9/18/2026, 11:05:36 PM
2026-10-16NextUpdated
$200.00
10/2/2026, 11:05:09 PM
2026-11-20
$210.00
10/2/2026, 11:05:09 PM
2026-12-18
$210.00
10/2/2026, 11:05:09 PM
2027-01-15
$170.00
10/2/2026, 11:05:09 PM
2027-03-19
$150.00
10/2/2026, 11:05:09 PM
2027-05-21
$110.00
10/2/2026, 11:05:09 PM
2027-08-20
$160.00
10/2/2026, 11:05:09 PM
Selected expiration: 2026-10-16 at max pain $200.00.
AXSM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
11001000
11001000
155
4000
6077000
6081000
160
6000
4846000
4852000
170
10000
2385000
2395000
175
12000
1771000
1783000
180
14000
1179500
1193500
185
16000
640500
656500
190
18000
452500
470500
195
33500
296000
329500
200
62000
156000
218000
210
176000
66000
242000
220
1248000
9000
1257000
230
2578000
0
2578000
240
4004000
0
4004000
250
5647000
0
5647000
260
7796000
0
7796000
270
10151000
0
10151000
280
12516000
0
12516000
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.