This page reflects CAG 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 — CAG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $13.50 (0.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.50
Nearest expiry
Expected Move
±$0.45
±3.4%
Days to Expiry
7
Calendar days
Total Call OI
3,210
Nearest expiry
Total Put OI
1,335
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$13.36
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
$15.50
9/25/2026, 11:07:43 PM
2026-10-02Updated
$14.00
10/2/2026, 11:08:15 PM
2026-10-09Next
$13.50
10/2/2026, 11:08:15 PM
2026-10-16
$15.00
10/2/2026, 11:08:15 PM
2026-10-23
$14.50
10/2/2026, 11:08:15 PM
2026-10-30
$14.50
10/2/2026, 11:08:15 PM
2026-11-06
$14.50
10/2/2026, 11:08:15 PM
2026-11-20
$14.00
10/2/2026, 11:08:15 PM
2026-12-18
$14.00
10/2/2026, 11:08:15 PM
2027-01-15
$15.00
10/2/2026, 11:08:15 PM
2027-03-19
$15.00
10/2/2026, 11:08:15 PM
Selected expiration: 2026-10-09 at max pain $13.50.
CAG pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
322600
322600
12
0
189100
189100
12.5
650
123450
124100
13
1300
59500
60800
13.5
12300
35300
47600
14
62950
15700
78650
14.5
188350
9350
197700
15
318300
4900
323200
15.5
456050
950
457000
16
605900
500
606400
16.5
762100
300
762400
17
920450
150
920600
17.5
1080050
0
1080050
18
1240200
0
1240200
21.5
2363700
0
2363700
23
2845200
0
2845200
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.