This page reflects CFR 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 — CFR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $155.00 (0.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$5.35
±3.5%
Days to Expiry
14
Calendar days
Total Call OI
326
Nearest expiry
Total Put OI
280
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$155.04
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
$155.00
8/21/2026, 11:06:48 PM
2026-09-18
$165.00
9/18/2026, 11:04:16 PM
2026-10-16NextUpdated
$155.00
10/2/2026, 11:07:42 PM
2026-11-20
$145.00
10/2/2026, 11:07:42 PM
2027-01-15
$160.00
10/2/2026, 11:07:42 PM
2027-04-16
$165.00
10/2/2026, 11:07:42 PM
2027-05-21
$155.00
10/2/2026, 11:07:42 PM
Selected expiration: 2026-10-16 at max pain $155.00.
CFR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
2032500
2032500
80
0
1892500
1892500
85
0
1756500
1756500
90
0
1623500
1623500
95
0
1491000
1491000
100
0
1359500
1359500
105
0
1228000
1228000
110
0
1099000
1099000
115
0
974000
974000
125
0
724000
724000
130
24000
599000
623000
135
49000
475000
524000
140
74000
354500
428500
145
99000
240000
339000
150
137000
130000
267000
155
175000
29500
204500
160
225000
0
225000
165
311000
0
311000
170
466000
0
466000
175
625000
0
625000
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.