This page reflects CHEF 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 — CHEF
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $105.00 (6.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$6.45
±5.8%
Days to Expiry
11
Calendar days
Total Call OI
1,041
Nearest expiry
Total Put OI
415
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$111.07
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
$110.00
8/21/2026, 11:07:44 PM
2026-09-18
$115.00
9/18/2026, 11:08:03 PM
2026-10-16NextUpdated
$105.00
10/5/2026, 11:08:15 PM
2026-11-20
$120.00
10/5/2026, 11:08:15 PM
2027-01-15
$110.00
10/5/2026, 11:08:15 PM
2027-04-16
$110.00
10/5/2026, 11:08:15 PM
Selected expiration: 2026-10-16 at max pain $105.00.
CHEF pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
2712500
2712500
45
1000
2297500
2298500
50
4000
2090500
2094500
65
13000
1483000
1496000
70
16000
1281000
1297000
75
20500
1079500
1100000
80
27000
878000
905000
85
47500
721500
769000
90
68500
567000
635500
95
99500
413000
512500
100
131500
275000
406500
105
179000
161500
340500
110
570500
55000
625500
115
1002500
17500
1020000
120
1444000
2000
1446000
125
1908500
0
1908500
130
2426500
0
2426500
135
2946500
0
2946500
140
3467000
0
3467000
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.