This page reflects CALX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — CALX
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (0.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$1.90
±5.5%
Days to Expiry
11
Calendar days
Total Call OI
615
Nearest expiry
Total Put OI
317
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$34.34
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
$40.00
8/21/2026, 11:08:42 PM
2026-09-18
$35.00
9/18/2026, 11:08:27 PM
2026-10-16NextUpdated
$35.00
10/5/2026, 11:07:44 PM
2026-11-20
$35.00
10/5/2026, 11:07:44 PM
2027-01-15
$35.00
10/5/2026, 11:07:44 PM
2027-02-19
$35.00
10/5/2026, 11:07:44 PM
2027-04-16
$27.50
10/5/2026, 11:07:44 PM
2027-05-21
$35.00
10/5/2026, 11:07:44 PM
2027-08-20
$35.00
10/5/2026, 11:07:44 PM
Selected expiration: 2026-10-16 at max pain $35.00.
CALX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
284250
284250
27.5
500
209250
209750
30
1750
135000
136750
32.5
7750
82750
90500
35
14250
43500
57750
37.5
47500
20250
67750
40
127500
6250
133750
42.5
248750
4500
253250
45
377000
2750
379750
47.5
505250
1250
506500
50
643000
0
643000
52.5
780750
0
780750
55
921250
0
921250
57.5
1063000
0
1063000
60
1204750
0
1204750
62.5
1349500
0
1349500
65
1494250
0
1494250
70
1788750
0
1788750
75
2086750
0
2086750
80
2394250
0
2394250
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.