This page reflects CHD 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 — CHD
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $95.00 (0.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$3.05
±3.2%
Days to Expiry
11
Calendar days
Total Call OI
2,364
Nearest expiry
Total Put OI
631
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$95.66
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
$100.00
8/21/2026, 11:06:43 PM
2026-09-18
$95.00
9/18/2026, 11:08:32 PM
2026-10-16NextUpdated
$95.00
10/5/2026, 11:04:00 PM
2026-11-20
$90.00
10/5/2026, 11:04:00 PM
2027-01-15
$95.00
10/5/2026, 11:04:00 PM
2027-04-16
$85.00
10/5/2026, 11:04:00 PM
Selected expiration: 2026-10-16 at max pain $95.00.
CHD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
2449500
2449500
60
0
2134500
2134500
65
0
1820500
1820500
75
0
1192500
1192500
80
0
879000
879000
85
0
569000
569000
90
17000
273500
290500
95
38500
48000
86500
100
722500
15000
737500
105
1589500
10000
1599500
110
2677000
5000
2682000
115
3838000
2500
3840500
120
5005500
0
5005500
125
6182000
0
6182000
130
7364000
0
7364000
135
8546000
0
8546000
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.