This page reflects CSW 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 — CSW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $280.00 (22.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$27.25
±9.0%
Days to Expiry
14
Calendar days
Total Call OI
165
Nearest expiry
Total Put OI
17
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$302.69
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
$300.00
8/21/2026, 11:11:23 PM
2026-09-18
$340.00
9/18/2026, 11:04:18 PM
2026-10-16NextUpdated
$280.00
10/2/2026, 11:08:43 PM
2027-01-15
$280.00
10/2/2026, 11:08:43 PM
Selected expiration: 2026-10-16 at max pain $280.00.
CSW pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
230
0
90000
90000
240
1000
73000
74000
250
2000
58000
60000
270
4000
28000
32000
280
6000
25000
31000
290
9000
22000
31000
300
12000
20000
32000
310
35000
18000
53000
320
63000
16000
79000
330
91000
14000
105000
340
143000
12000
155000
350
205000
10000
215000
360
313000
8000
321000
380
643000
4000
647000
390
808000
2000
810000
400
973000
0
973000
410
1138000
0
1138000
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.