This page reflects CTAS 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 — CTAS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $197.50 (4.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$197.50
Nearest expiry
Expected Move
±$1.95
±1.0%
Days to Expiry
7
Calendar days
Total Call OI
101
Nearest expiry
Total Put OI
126
Nearest expiry
P/C OI Ratio
1.25
Put-heavy
Spot Price
$193.02
Published close
Consensus
-
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
$195.00
9/25/2026, 11:11:04 PM
2026-10-02Updated
$197.50
10/2/2026, 11:08:03 PM
2026-10-09Next
$197.50
10/2/2026, 11:08:03 PM
2026-10-16
$200.00
10/2/2026, 11:08:03 PM
2026-10-23
$195.00
10/2/2026, 11:08:03 PM
2026-10-30
$195.00
10/2/2026, 11:08:03 PM
2026-11-20
$200.00
10/2/2026, 11:08:03 PM
2026-12-18
$175.00
10/2/2026, 11:08:03 PM
2027-01-15
$190.00
10/2/2026, 11:08:03 PM
2027-02-19
$200.00
10/2/2026, 11:08:03 PM
2027-03-19
$195.00
10/2/2026, 11:08:03 PM
2027-05-21
$185.00
10/2/2026, 11:08:03 PM
2027-06-17
$210.00
10/2/2026, 11:08:03 PM
2027-09-17
$155.00
10/2/2026, 11:08:03 PM
Selected expiration: 2026-10-09 at max pain $197.50.
CTAS pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
369250
369250
170
0
295250
295250
175
0
225750
225750
182.5
2250
123750
126000
185
3000
93000
96000
187.5
4250
65250
69500
190
6000
38750
44750
192.5
8750
23250
32000
195
12750
10750
23500
197.5
17750
3250
21000
200
25500
250
25750
202.5
48000
0
48000
205
77250
0
77250
207.5
107500
0
107500
210
138500
0
138500
212.5
171000
0
171000
215
203750
0
203750
220
278750
0
278750
225
358250
0
358250
230
438750
0
438750
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.