This page reflects CME 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 — CME
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $270.00 (6.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$3.92
±1.5%
Days to Expiry
7
Calendar days
Total Call OI
1,384
Nearest expiry
Total Put OI
923
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$263.14
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
$272.50
9/25/2026, 11:09:47 PM
2026-10-02Updated
$270.00
10/2/2026, 11:08:14 PM
2026-10-09Next
$270.00
10/2/2026, 11:08:14 PM
2026-10-16
$270.00
10/2/2026, 11:08:14 PM
2026-10-23
$265.00
10/2/2026, 11:08:14 PM
2026-10-30
$265.00
10/2/2026, 11:08:14 PM
2026-11-06
$260.00
10/2/2026, 11:08:14 PM
2026-11-20
$280.00
10/2/2026, 11:08:14 PM
2026-12-18
$250.00
10/2/2026, 11:08:14 PM
2027-01-15
$260.00
10/2/2026, 11:08:14 PM
2027-03-19
$280.00
10/2/2026, 11:08:14 PM
2027-06-17
$260.00
10/2/2026, 11:08:14 PM
2027-09-17
$220.00
10/2/2026, 11:08:14 PM
Selected expiration: 2026-10-09 at max pain $270.00.
CME pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
225
0
3131750
3131750
230
0
2670750
2670750
235
0
2236750
2236750
240
0
1840250
1840250
245
0
1449250
1449250
250
0
1128250
1128250
255
0
836750
836750
257.5
0
704250
704250
260
0
572500
572500
262.5
750
463250
464000
265
2500
354000
356500
267.5
5250
264750
270000
270
8000
176000
184000
275
244500
34000
278500
277.5
443750
17250
461000
280
729750
500
730250
282.5
1027750
250
1028000
285
1326000
0
1326000
290
1930500
0
1930500
295
2550000
0
2550000
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.