This page reflects CARR 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 — CARR
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-09 shows max pain at $56.00 (0.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$56.00
Nearest expiry
Expected Move
±$1.62
±2.9%
Days to Expiry
4
Calendar days
Total Call OI
823
Nearest expiry
Total Put OI
458
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$55.73
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
$56.00
9/25/2026, 11:08:25 PM
2026-10-02
$56.00
10/2/2026, 11:06:47 PM
2026-10-09NextUpdated
$56.00
10/5/2026, 11:03:38 PM
2026-10-16
$57.00
10/5/2026, 11:03:38 PM
2026-10-23
$57.00
10/5/2026, 11:03:38 PM
2026-10-30
$54.00
10/5/2026, 11:03:38 PM
2026-11-06
$52.00
10/5/2026, 11:03:38 PM
2026-11-13
$55.00
10/5/2026, 11:03:38 PM
2026-11-20
$57.50
10/5/2026, 11:03:38 PM
2026-12-18
$60.00
10/5/2026, 11:03:38 PM
2027-01-15
$65.00
10/5/2026, 11:03:38 PM
2027-03-19
$57.50
10/5/2026, 11:03:38 PM
2027-06-17
$62.50
10/5/2026, 11:03:38 PM
2027-09-17
$57.50
10/5/2026, 11:03:38 PM
Selected expiration: 2026-10-09 at max pain $56.00.
CARR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
47
0
278700
278700
48
0
233100
233100
48.5
50
210300
210350
49
100
187600
187700
50
200
143500
143700
51
300
110900
111200
52
400
79600
80000
53
500
49600
50100
54
800
20600
21400
55
1400
12000
13400
56
2800
6100
8900
57
24600
1400
26000
58
51400
800
52200
59
119900
500
120400
60
195200
200
195400
61
272400
0
272400
62
353000
0
353000
63
433700
0
433700
64
514800
0
514800
65
596700
0
596700
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.