This page reflects CDE 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 — CDE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $19.00 (1.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$0.98
±5.5%
Days to Expiry
7
Calendar days
Total Call OI
6,628
Nearest expiry
Total Put OI
2,469
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$17.66
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
$19.00
9/25/2026, 11:08:52 PM
2026-10-02Updated
$17.50
10/2/2026, 11:07:34 PM
2026-10-09Next
$19.00
10/2/2026, 11:07:34 PM
2026-10-16
$19.00
10/2/2026, 11:07:34 PM
2026-10-23
$18.50
10/2/2026, 11:07:34 PM
2026-10-30
$18.50
10/2/2026, 11:07:34 PM
2026-11-06
$20.00
10/2/2026, 11:07:34 PM
2026-11-20
$15.00
10/2/2026, 11:07:34 PM
2026-12-18
$20.00
10/2/2026, 11:07:34 PM
2027-01-15
$12.50
10/2/2026, 11:07:34 PM
2027-02-19
$17.50
10/2/2026, 11:07:34 PM
2027-03-19
$17.50
10/2/2026, 11:07:34 PM
2027-06-17
$22.50
10/2/2026, 11:07:34 PM
2027-09-17
$20.00
10/2/2026, 11:07:34 PM
Selected expiration: 2026-10-09 at max pain $19.00.
CDE pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
1526200
1526200
15
1200
945400
946600
15.5
1650
800250
801900
16
2100
655150
657250
16.5
2800
512950
515750
17
16900
377950
394850
17.5
43750
261850
305600
18
84550
160350
244900
18.5
134650
91900
226550
19
203600
49400
253000
19.5
289650
23800
313450
20
393050
16100
409150
20.5
536450
11600
548050
21
690150
7750
697900
21.5
882250
6550
888800
22
1077050
5600
1082650
22.5
1280750
4900
1285650
23
1638550
4200
1642750
23.5
1999000
3500
2002500
24
2360500
2800
2363300
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.