This page reflects BMI 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 — BMI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $120.00 (7.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$7.00
±5.5%
Days to Expiry
14
Calendar days
Total Call OI
151
Nearest expiry
Total Put OI
59
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$127.77
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
$130.00
8/21/2026, 11:07:36 PM
2026-09-18
$125.00
9/18/2026, 11:07:11 PM
2026-10-16NextUpdated
$120.00
10/2/2026, 11:06:30 PM
2026-11-20
$125.00
10/2/2026, 11:06:30 PM
2027-02-19
$135.00
10/2/2026, 11:06:30 PM
Selected expiration: 2026-10-16 at max pain $120.00.
BMI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
86000
86000
105
0
57000
57000
110
0
33500
33500
115
0
18500
18500
120
500
8500
9000
125
6000
3000
9000
130
15500
500
16000
135
25500
0
25500
140
56000
0
56000
145
102000
0
102000
150
157500
0
157500
155
224000
0
224000
160
296500
0
296500
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.