This page reflects BAX 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 — BAX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $23.50 (0.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.50
Nearest expiry
Expected Move
±$0.55
±2.3%
Days to Expiry
7
Calendar days
Total Call OI
270
Nearest expiry
Total Put OI
211
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$23.49
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$24.00
9/25/2026, 11:05:14 PM
2026-10-02Updated
$22.00
10/2/2026, 11:05:44 PM
2026-10-09Next
$23.50
10/2/2026, 11:05:44 PM
2026-10-16
$25.00
10/2/2026, 11:05:44 PM
2026-10-23
$23.00
10/2/2026, 11:05:44 PM
2026-10-30
$24.00
10/2/2026, 11:05:44 PM
2026-11-20
$25.00
10/2/2026, 11:05:44 PM
2026-12-18
$25.00
10/2/2026, 11:05:44 PM
2027-01-15
$20.00
10/2/2026, 11:05:44 PM
2027-02-19
$22.50
10/2/2026, 11:05:44 PM
2027-03-19
$22.50
10/2/2026, 11:05:44 PM
2027-05-21
$22.50
10/2/2026, 11:05:44 PM
2027-06-17
$22.50
10/2/2026, 11:05:44 PM
2027-09-17
$25.00
10/2/2026, 11:05:44 PM
Selected expiration: 2026-10-09 at max pain $23.50.
BAX pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
166700
166700
16
800
146200
147000
17
1700
126000
127700
18
2700
105800
108500
20
4900
65400
70300
21
6000
46200
52200
21.5
7550
37200
44750
22
9150
28250
37400
22.5
11300
20150
31450
23
13550
14250
27800
23.5
16250
11450
27700
24
20850
8800
29650
24.5
25950
7050
33000
25
32200
5300
37500
25.5
41350
4050
45400
26
52300
2800
55100
27
76300
2500
78800
28
101300
2200
103500
30
151900
1600
153500
31
177900
1300
179200
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.