This page reflects CACI 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 — CACI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $640.00 (24.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$640.00
Nearest expiry
Expected Move
±$32.00
±5.2%
Days to Expiry
14
Calendar days
Total Call OI
277
Nearest expiry
Total Put OI
114
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$615.04
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
$480.00
8/21/2026, 11:06:58 PM
2026-09-18
$600.00
9/18/2026, 11:07:40 PM
2026-10-16NextUpdated
$640.00
10/2/2026, 11:06:58 PM
2026-11-20
$690.00
10/2/2026, 11:06:58 PM
2026-12-18
$430.00
10/2/2026, 11:06:58 PM
2027-03-19
$610.00
10/2/2026, 11:06:58 PM
Selected expiration: 2026-10-16 at max pain $640.00.
CACI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
500
0
776000
776000
510
0
666000
666000
520
0
561000
561000
530
0
465000
465000
540
0
389000
389000
550
0
330000
330000
560
0
275000
275000
570
0
223000
223000
580
0
179000
179000
590
1000
143000
144000
600
2000
112000
114000
610
3000
86000
89000
620
5000
65000
70000
630
8000
47000
55000
640
22000
32000
54000
650
50000
19000
69000
660
81000
13000
94000
670
304000
8000
312000
680
533000
3000
536000
690
778000
0
778000
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.