This page reflects COGT 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 — COGT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $32.00 (0.98 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$1.12
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
2,995
Nearest expiry
Total Put OI
873
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$31.02
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
$37.00
8/21/2026, 11:09:20 PM
2026-09-18
$35.00
9/18/2026, 11:09:34 PM
2026-10-16NextUpdated
$32.00
10/2/2026, 11:09:53 PM
2026-11-20
$34.00
10/2/2026, 11:09:53 PM
2027-01-15
$30.00
10/2/2026, 11:09:53 PM
2027-02-19
$30.00
10/2/2026, 11:09:53 PM
2027-05-21
$25.00
10/2/2026, 11:09:53 PM
Selected expiration: 2026-10-16 at max pain $32.00.
COGT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
666200
666200
28
300
404300
404600
29
400
317100
317500
30
600
229900
230500
31
800
182900
183700
32
1000
137700
138700
33
57700
110200
167900
34
125200
84700
209900
35
192800
62800
255600
36
409200
47300
456500
37
626300
36000
662300
38
846900
25000
871900
39
1068100
14200
1082300
40
1289600
3400
1293000
41
1579600
2600
1582200
42
1870100
1800
1871900
43
2162000
1100
2163100
44
2454300
600
2454900
45
2746900
500
2747400
50
4213400
0
4213400
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.