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COP

ConocoPhillipsClose $126.75EOD only
Max Pain
$129.00
Next expiry Oct 9, 2026
Expected Move
±$4.39
3.5% from close
Price Gap
+2.25
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.69
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects COP 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 — COP
Data as of market close Oct 2, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $129.00 (2.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$129.00
Nearest expiry
Expected Move
±$4.39
±3.5%
Days to Expiry
7
Calendar days
Total Call OI
3,206
Nearest expiry
Total Put OI
3,899
Nearest expiry
P/C OI Ratio
1.22
Put-heavy
Spot Price
$126.75
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$128.009/25/2026, 11:09:18 PM
2026-10-02Updated$127.0010/2/2026, 11:09:11 PM
2026-10-09Next$129.0010/2/2026, 11:09:11 PM
2026-10-16$125.0010/2/2026, 11:09:11 PM
2026-10-23$126.0010/2/2026, 11:09:11 PM
2026-10-30$132.0010/2/2026, 11:09:11 PM
2026-11-06$136.0010/2/2026, 11:09:11 PM
2026-11-20$120.0010/2/2026, 11:09:11 PM
2026-12-18$115.0010/2/2026, 11:09:11 PM
2027-01-15$115.0010/2/2026, 11:09:11 PM
2027-02-19$120.0010/2/2026, 11:09:11 PM
2027-03-19$130.0010/2/2026, 11:09:11 PM
2027-05-21$135.0010/2/2026, 11:09:11 PM
2027-06-17$120.0010/2/2026, 11:09:11 PM
2027-09-17$125.0010/2/2026, 11:09:11 PM
Selected expiration: 2026-10-09 at max pain $129.00.
COP pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
100078568007856800
105059123005912300
110039733003973300
115020443002044300
11610018696001869700
11730016978001698100
11880015283001529100
119250013615001364000
120420011959001200100
121790010511001059000
12215000910900925900
12322900772100795000
12431200644700675900
12539500523600563100
12655900434100490000
12781400361400442800
128110300290900401200
129155700230600386300
130242300172200414500
131351800139500491300
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.