This page reflects CLF 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 — CLF
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $12.00 (0.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.82
±7.2%
Days to Expiry
7
Calendar days
Total Call OI
10,663
Nearest expiry
Total Put OI
6,556
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$11.32
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
$12.50
9/25/2026, 11:08:57 PM
2026-10-02Updated
$11.00
10/2/2026, 11:07:14 PM
2026-10-09Next
$12.00
10/2/2026, 11:07:14 PM
2026-10-16
$12.00
10/2/2026, 11:07:14 PM
2026-10-23
$11.00
10/2/2026, 11:07:14 PM
2026-10-30
$12.00
10/2/2026, 11:07:14 PM
2026-11-06
$12.50
10/2/2026, 11:07:14 PM
2026-11-20
$12.00
10/2/2026, 11:07:14 PM
2026-12-18
$12.00
10/2/2026, 11:07:14 PM
2027-01-15
$10.00
10/2/2026, 11:07:14 PM
2027-03-19
$11.00
10/2/2026, 11:07:14 PM
2027-04-16
$12.00
10/2/2026, 11:07:14 PM
2027-06-17
$10.00
10/2/2026, 11:07:14 PM
2027-09-17
$12.00
10/2/2026, 11:07:14 PM
Selected expiration: 2026-10-09 at max pain $12.00.
CLF pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
4293000
4293000
6
300
3637400
3637700
6.5
800
3309850
3310650
7
1450
2982350
2983800
7.5
3050
2654850
2657900
8
4950
2327450
2332400
8.5
6950
2001400
2008350
9
8950
1675900
1684850
9.5
11050
1357150
1368200
10
13150
1043250
1056400
10.5
15550
746500
762050
11
20400
517950
538350
11.5
33450
332300
365750
12
118600
181350
299950
12.5
227550
110400
337950
13
444100
55900
500000
13.5
724850
3800
728650
14
1036400
2900
1039300
14.5
1410600
2350
1412950
15
1826350
1950
1828300
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.