This page reflects BAND 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 — BAND
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (18.74 below 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
±$3.40
±5.3%
Days to Expiry
14
Calendar days
Total Call OI
2,338
Nearest expiry
Total Put OI
511
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$63.74
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
$50.00
8/21/2026, 11:05:36 PM
2026-09-18
$50.00
9/18/2026, 11:06:14 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:05:33 PM
2026-11-20
$50.00
10/2/2026, 11:05:33 PM
2027-02-19
$60.00
10/2/2026, 11:05:33 PM
2027-03-19
$45.00
10/2/2026, 11:05:33 PM
2027-05-21
$75.00
10/2/2026, 11:05:33 PM
Selected expiration: 2026-10-16 at max pain $45.00.
BAND pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
810500
810500
35
0
566000
566000
40
25000
323000
348000
45
95000
141500
236500
50
175000
79000
254000
55
364000
25000
389000
60
596000
0
596000
65
906500
0
906500
70
1717000
0
1717000
75
2558500
0
2558500
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.