This page reflects CBRE 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 — CBRE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $140.00 (10.42 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$6.60
±5.1%
Days to Expiry
14
Calendar days
Total Call OI
4,767
Nearest expiry
Total Put OI
7,906
Nearest expiry
P/C OI Ratio
1.66
Put-heavy
Spot Price
$129.58
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
$140.00
8/21/2026, 11:06:55 PM
2026-09-18
$140.00
9/18/2026, 11:07:25 PM
2026-10-16NextUpdated
$140.00
10/2/2026, 11:07:27 PM
2026-11-20
$140.00
10/2/2026, 11:07:27 PM
2026-12-18
$135.00
10/2/2026, 11:07:27 PM
2027-01-15
$150.00
10/2/2026, 11:07:27 PM
2027-03-19
$150.00
10/2/2026, 11:07:27 PM
Selected expiration: 2026-10-16 at max pain $140.00.
CBRE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
20987500
20987500
110
5000
15038500
15043500
115
7500
12084500
12092000
120
10000
9138500
9148500
125
13500
6221000
6234500
130
17000
3481500
3498500
135
223000
904000
1127000
140
511000
491000
1002000
145
917500
153500
1071000
150
1416500
0
1416500
155
3151000
0
3151000
160
4916500
0
4916500
165
7153500
0
7153500
170
9428500
0
9428500
175
11706000
0
11706000
200
23626000
0
23626000
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.