This page reflects BMO 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 — BMO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $175.00 (9.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$5.78
±3.5%
Days to Expiry
14
Calendar days
Total Call OI
1,287
Nearest expiry
Total Put OI
1,618
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$165.70
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
$175.00
8/21/2026, 11:05:54 PM
2026-09-18
$160.00
9/18/2026, 11:06:50 PM
2026-10-16NextUpdated
$175.00
10/2/2026, 11:06:23 PM
2026-11-20
$175.00
10/2/2026, 11:06:23 PM
2026-12-18
$180.00
10/2/2026, 11:06:23 PM
2027-01-15
$145.00
10/2/2026, 11:06:23 PM
2027-03-19
$160.00
10/2/2026, 11:06:23 PM
Selected expiration: 2026-10-16 at max pain $175.00.
BMO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
3762500
3762500
150
0
2981000
2981000
155
0
2221500
2221500
160
1000
1464000
1465000
165
3000
724000
727000
170
7000
101500
108500
175
26000
21000
47000
180
121000
4000
125000
185
263500
3000
266500
190
800500
2000
802500
195
1415000
1000
1416000
200
2056000
0
2056000
210
3341000
0
3341000
220
4628000
0
4628000
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.