This page reflects CF 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 — CF
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-09 shows max pain at $121.00 (4.98 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$121.00
Nearest expiry
Expected Move
±$4.22
±3.6%
Days to Expiry
4
Calendar days
Total Call OI
878
Nearest expiry
Total Put OI
669
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$116.02
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
$124.00
9/25/2026, 11:09:32 PM
2026-10-02
$117.00
10/2/2026, 11:08:54 PM
2026-10-09NextUpdated
$121.00
10/5/2026, 11:03:31 PM
2026-10-16
$125.00
10/5/2026, 11:03:31 PM
2026-10-23
$118.00
10/5/2026, 11:03:31 PM
2026-10-30
$115.00
10/5/2026, 11:03:31 PM
2026-11-06
$117.00
10/5/2026, 11:03:31 PM
2026-11-13
$110.00
10/5/2026, 11:03:31 PM
2026-11-20
$120.00
10/5/2026, 11:03:31 PM
2026-12-18
$110.00
10/5/2026, 11:03:31 PM
2027-01-15
$110.00
10/5/2026, 11:03:31 PM
2027-02-19
$120.00
10/5/2026, 11:03:31 PM
2027-03-19
$130.00
10/5/2026, 11:03:31 PM
2027-05-21
$115.00
10/5/2026, 11:03:31 PM
2027-06-17
$115.00
10/5/2026, 11:03:31 PM
2027-09-17
$80.00
10/5/2026, 11:03:31 PM
Selected expiration: 2026-10-09 at max pain $121.00.
CF pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
104
0
926900
926900
105
0
860600
860600
106
0
796100
796100
107
0
732000
732000
108
0
668700
668700
109
0
608100
608100
110
0
548500
548500
111
0
491100
491100
112
0
435800
435800
113
0
381900
381900
114
600
329700
330300
115
1800
280400
282200
116
4100
243900
248000
117
10600
209100
219700
118
22000
174600
196600
119
35300
143300
178600
120
52200
112600
164800
121
76400
84900
161300
122
101900
61300
163200
123
129800
38900
168700
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.