This page reflects CPAY 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 — CPAY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $410.00 (15.40 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$410.00
Nearest expiry
Expected Move
±$16.00
±4.0%
Days to Expiry
14
Calendar days
Total Call OI
31
Nearest expiry
Total Put OI
104
Nearest expiry
P/C OI Ratio
3.35
Put-heavy
Spot Price
$394.60
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
$350.00
8/21/2026, 11:10:47 PM
2026-09-18
$400.00
9/18/2026, 11:08:57 PM
2026-10-16NextUpdated
$410.00
10/2/2026, 11:09:55 PM
2026-11-20
$370.00
10/2/2026, 11:09:55 PM
2027-01-15
$330.00
10/2/2026, 11:09:55 PM
2027-02-19
$390.00
10/2/2026, 11:09:55 PM
2027-05-21
$340.00
10/2/2026, 11:09:55 PM
Selected expiration: 2026-10-16 at max pain $410.00.
CPAY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
310
0
842000
842000
360
0
332000
332000
370
0
231000
231000
380
1000
134000
135000
390
9000
41000
50000
400
21000
22000
43000
410
33000
10000
43000
420
48000
0
48000
440
108000
0
108000
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.