This page reflects CTEV 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 — CTEV
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $25.00 (1.28 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$4.77
±20.1%
Days to Expiry
14
Calendar days
Total Call OI
799
Nearest expiry
Total Put OI
225
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$23.72
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
$30.00
8/21/2026, 11:08:45 PM
2026-09-18
$30.00
9/18/2026, 11:08:27 PM
2026-10-16NextUpdated
$25.00
10/2/2026, 11:08:31 PM
2026-11-20
$22.50
10/2/2026, 11:08:31 PM
2026-12-18
$35.00
10/2/2026, 11:08:31 PM
2027-01-15
$30.00
10/2/2026, 11:08:31 PM
2027-04-16
$25.00
10/2/2026, 11:08:31 PM
Selected expiration: 2026-10-16 at max pain $25.00.
CTEV pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
321000
321000
7.5
1000
208500
209500
10
1500
152250
153750
12.5
2000
96000
98000
15
2750
65500
68250
17.5
4000
45750
49750
20
5250
31750
37000
22.5
6500
20500
27000
25
11500
12500
24000
30
29000
500
29500
35
322500
0
322500
40
628500
0
628500
45
992500
0
992500
50
1370500
0
1370500
55
1757000
0
1757000
60
2153500
0
2153500
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.