Nearest listed expiration 2026-10-09 shows max pain at $165.00 (5.98 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$6.08
±3.8%
Days to Expiry
7
Calendar days
Total Call OI
2,698
Nearest expiry
Total Put OI
3,803
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$159.02
Published close
Consensus
5.0/10
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
$165.00
9/25/2026, 11:08:15 PM
2026-10-02Updated
$162.50
10/2/2026, 11:06:45 PM
2026-10-09Next
$165.00
10/2/2026, 11:06:45 PM
2026-10-16
$162.40
10/2/2026, 11:06:45 PM
2026-10-23
$165.00
10/2/2026, 11:06:45 PM
2026-10-30
$160.00
10/2/2026, 11:06:45 PM
2026-11-06
$160.00
10/2/2026, 11:06:45 PM
2026-11-20
$170.00
10/2/2026, 11:06:45 PM
2026-12-18
$152.00
10/2/2026, 11:06:45 PM
2027-01-15
$190.00
10/2/2026, 11:06:45 PM
2027-03-19
$176.00
10/2/2026, 11:06:45 PM
2027-04-16
$200.00
10/2/2026, 11:06:45 PM
2027-06-17
$180.00
10/2/2026, 11:06:45 PM
2027-09-17
$188.00
10/2/2026, 11:06:45 PM
Selected expiration: 2026-10-09 at max pain $165.00.
BKNG pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
13876500
13876500
135
0
8173500
8173500
140
0
6285500
6285500
145
0
4427000
4427000
149
0
3300600
3300600
150
0
3022000
3022000
152.5
2500
2424000
2426500
155
5000
1834500
1839500
157.5
10250
1287750
1298000
160
79000
764250
843250
162.5
180000
549750
729750
165
304750
343750
648500
167.5
555500
197000
752500
170
826250
53750
880000
172.5
1154250
28500
1182750
175
1491500
4500
1496000
177.5
1868250
2250
1870500
180
2246250
0
2246250
182.5
2643000
0
2643000
185
3110250
0
3110250
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.