Nearest listed expiration 2026-10-09 shows max pain at $88.00 (1.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$88.00
Nearest expiry
Expected Move
±$6.29
±7.0%
Days to Expiry
7
Calendar days
Total Call OI
54,751
Nearest expiry
Total Put OI
33,607
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$89.62
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
$85.00
9/25/2026, 11:10:53 PM
2026-10-02Updated
$86.00
10/2/2026, 11:10:14 PM
2026-10-09Next
$88.00
10/2/2026, 11:10:14 PM
2026-10-16
$85.00
10/2/2026, 11:10:14 PM
2026-10-23
$87.00
10/2/2026, 11:10:14 PM
2026-10-30
$85.00
10/2/2026, 11:10:14 PM
2026-11-06
$87.00
10/2/2026, 11:10:14 PM
2026-11-20
$90.00
10/2/2026, 11:10:14 PM
2026-12-18
$90.00
10/2/2026, 11:10:14 PM
2027-01-15
$97.50
10/2/2026, 11:10:14 PM
2027-02-19
$90.00
10/2/2026, 11:10:14 PM
2027-03-19
$95.00
10/2/2026, 11:10:14 PM
2027-04-16
$85.00
10/2/2026, 11:10:14 PM
2027-06-17
$100.00
10/2/2026, 11:10:14 PM
2027-09-17
$97.50
10/2/2026, 11:10:14 PM
Selected expiration: 2026-10-09 at max pain $88.00.
CRWV pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
96687000
96687000
55
1000
79899000
79900000
60
6500
63590500
63597000
65
20000
47650000
47670000
68
33500
38434600
38468100
69
61100
35387300
35448400
70
91900
32467200
32559100
71
137400
29655400
29792800
72
184600
26947600
27132200
73
233000
24304800
24537800
74
282800
21794300
22077100
75
334400
19417600
19752000
76
416300
17362700
17779000
77
501100
15417000
15918100
78
615200
13566400
14181600
79
732500
11837400
12569900
80
867400
10252500
11119900
81
1022500
8958400
9980900
82
1187800
7810100
8997900
83
1397700
6787900
8185600
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.