This page reflects BMA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — BMA
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (11.22 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$5.78
±8.4%
Days to Expiry
11
Calendar days
Total Call OI
4,836
Nearest expiry
Total Put OI
2,312
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$68.78
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
$75.00
8/21/2026, 11:06:17 PM
2026-09-18
$80.00
9/18/2026, 11:07:32 PM
2026-10-16NextUpdated
$80.00
10/5/2026, 11:06:04 PM
2026-11-20
$75.00
10/5/2026, 11:06:04 PM
2027-01-15
$90.00
10/5/2026, 11:06:04 PM
2027-04-16
$95.00
10/5/2026, 11:06:04 PM
Selected expiration: 2026-10-16 at max pain $80.00.
BMA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
8403000
8403000
40
0
7247500
7247500
45
0
6092000
6092000
50
0
4938500
4938500
55
0
3862500
3862500
60
10500
2946500
2957000
65
50500
2094500
2145000
70
121000
1351000
1472000
75
217500
679500
897000
80
360000
25000
385000
85
563000
19500
582500
90
802500
14000
816500
95
1528500
8500
1537000
100
2284000
3000
2287000
105
3876500
1500
3878000
110
5528500
500
5529000
115
7596500
0
7596500
120
9740500
0
9740500
125
12142000
0
12142000
130
14543500
0
14543500
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.