What is C max pain this week?

C max pain for the nearest expiration (2026-10-09) is $130.00. Total call open interest: 8,598. Total put open interest: 8,714.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options CMax Pain

C

Citigroup, Inc.Close $128.50EOD only

Max Pain

$130.00

Next expiry Oct 9, 2026

Expected Move

±$3.92

3.0% from close

Price Gap

+1.50

Distance to max pain

IV Rank

Low premium

P/C OI

1.42

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects C 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 — C

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $130.00 (1.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$130.00

Nearest expiry

Expected Move

±$3.92

±3.0%

Days to Expiry

Calendar days

Total Call OI

8,598

Nearest expiry

Total Put OI

8,714

Nearest expiry

P/C OI Ratio

1.01

Put-heavy

Spot Price

$128.50

Published close

Consensus

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	$133.00	9/25/2026, 11:03:55 PM
2026-10-02Updated	$128.00	10/2/2026, 11:06:21 PM
2026-10-09Next	$130.00	10/2/2026, 11:06:21 PM
2026-10-16	$130.00	10/2/2026, 11:06:21 PM
2026-10-23	$132.00	10/2/2026, 11:06:21 PM
2026-10-30	$133.00	10/2/2026, 11:06:21 PM
2026-11-06	$135.00	10/2/2026, 11:06:21 PM
2026-11-20	$130.00	10/2/2026, 11:06:21 PM
2026-12-18	$105.00	10/2/2026, 11:06:21 PM
2027-01-15	$110.00	10/2/2026, 11:06:21 PM
2027-03-19	$120.00	10/2/2026, 11:06:21 PM
2027-06-17	$110.00	10/2/2026, 11:06:21 PM
2027-09-17	$125.00	10/2/2026, 11:06:21 PM

Selected expiration: 2026-10-09 at max pain $130.00.

C pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
80	0	38675200	38675200
105	0	17140200	17140200
110	0	12835700	12835700
115	0	8733700	8733700
119	0	5565300	5565300
120	0	4797800	4797800
121	11500	4049900	4061400
122	23600	3310800	3334400
123	37100	2646500	2683600
124	58100	2046000	2104100
125	81600	1497400	1579000
126	129400	1182900	1312300
127	196200	927900	1124100
128	263000	709500	972500
129	357300	522300	879600
130	464500	389700	854200
131	630900	283500	914400
132	860900	192500	1053400
133	1134200	114200	1248400
134	1443800	65200	1509000

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.