This page reflects CHE 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 — CHE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $500.00 (7.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$500.00
Nearest expiry
Expected Move
±$15.50
±3.0%
Days to Expiry
14
Calendar days
Total Call OI
53
Nearest expiry
Total Put OI
71
Nearest expiry
P/C OI Ratio
1.34
Put-heavy
Spot Price
$507.50
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
$540.00
8/21/2026, 11:07:07 PM
2026-09-18
$500.00
9/18/2026, 11:08:44 PM
2026-10-16NextUpdated
$500.00
10/2/2026, 11:09:00 PM
2026-11-20
$480.00
10/2/2026, 11:09:00 PM
2026-12-18
$420.00
10/2/2026, 11:09:00 PM
2027-03-19
$600.00
10/2/2026, 11:09:00 PM
Selected expiration: 2026-10-16 at max pain $500.00.
CHE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
430
0
384000
384000
450
0
242000
242000
460
0
172000
172000
470
0
103000
103000
480
0
37000
37000
490
0
4000
4000
500
0
3000
3000
530
6000
0
6000
540
8000
0
8000
550
11000
0
11000
560
16000
0
16000
570
22000
0
22000
580
29000
0
29000
600
57000
0
57000
610
87000
0
87000
620
140000
0
140000
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.