This page reflects BOX 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 — BOX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $33.00 (1.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$33.00
Nearest expiry
Expected Move
±$1.90
±5.5%
Days to Expiry
14
Calendar days
Total Call OI
2,127
Nearest expiry
Total Put OI
2,375
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$34.49
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
$28.00
8/21/2026, 11:06:09 PM
2026-09-18
$28.00
9/18/2026, 11:07:19 PM
2026-10-16NextUpdated
$33.00
10/2/2026, 11:03:48 PM
2026-11-20
$34.00
10/2/2026, 11:03:48 PM
2026-12-18
$30.00
10/2/2026, 11:03:48 PM
2027-01-15
$28.00
10/2/2026, 11:03:48 PM
2027-03-19
$36.00
10/2/2026, 11:03:48 PM
Selected expiration: 2026-10-16 at max pain $33.00.
BOX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
620200
620200
26
0
432800
432800
27
0
361700
361700
28
800
291300
292100
29
10400
221700
232100
30
29200
156300
185500
31
51100
110000
161100
32
73900
65600
139500
33
100600
27800
128400
34
131800
5500
137300
35
169900
1200
171100
36
228100
0
228100
37
295000
0
295000
38
413200
0
413200
39
616200
0
616200
40
819400
0
819400
41
1031600
0
1031600
42
1244000
0
1244000
43
1456500
0
1456500
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.