Nearest listed expiration 2026-10-09 shows max pain at $190.00 (7.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$10.80
±5.9%
Days to Expiry
7
Calendar days
Total Call OI
34,216
Nearest expiry
Total Put OI
24,387
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$183.00
Published close
Consensus
6.5/10
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
$185.00
9/25/2026, 11:07:51 PM
2026-10-02Updated
$190.00
10/2/2026, 11:08:30 PM
2026-10-09Next
$190.00
10/2/2026, 11:08:30 PM
2026-10-16
$175.00
10/2/2026, 11:08:30 PM
2026-10-23
$190.00
10/2/2026, 11:08:30 PM
2026-10-30
$192.50
10/2/2026, 11:08:30 PM
2026-11-06
$175.00
10/2/2026, 11:08:30 PM
2026-11-20
$170.00
10/2/2026, 11:08:30 PM
2026-12-18
$200.00
10/2/2026, 11:08:30 PM
2027-01-15
$190.00
10/2/2026, 11:08:30 PM
2027-02-19
$180.00
10/2/2026, 11:08:30 PM
2027-03-19
$180.00
10/2/2026, 11:08:30 PM
2027-04-16
$200.00
10/2/2026, 11:08:30 PM
2027-05-21
$195.00
10/2/2026, 11:08:30 PM
2027-06-17
$200.00
10/2/2026, 11:08:30 PM
2027-09-17
$185.00
10/2/2026, 11:08:30 PM
Selected expiration: 2026-10-09 at max pain $190.00.
COIN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
234101100
234101100
45
500
221917600
221918100
50
1000
209744100
209745100
55
1500
197590600
197592100
60
2000
185450600
185452600
75
3500
149042600
149046100
80
4000
136965600
136969600
90
5000
112819600
112824600
95
5500
100941600
100947100
100
6500
89191100
89197600
105
7500
79160100
79167600
110
8500
69246100
69254600
115
9500
62144100
62153600
120
10500
56181600
56192100
125
11500
50440100
50451600
130
13500
44769100
44782600
135
15500
39272100
39287600
140
18000
34119100
34137100
145
25000
29061600
29086600
147
29600
27081600
27111200
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.