This page reflects DAC 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 — DAC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $145.00 (20.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$5.50
±3.3%
Days to Expiry
14
Calendar days
Total Call OI
1,481
Nearest expiry
Total Put OI
1,405
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$165.15
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
$135.00
8/21/2026, 11:10:11 PM
2026-09-18
$140.00
9/18/2026, 11:10:04 PM
2026-10-16NextUpdated
$145.00
10/2/2026, 11:08:59 PM
2026-11-20
$130.00
10/2/2026, 11:08:59 PM
2026-12-18
$140.00
10/2/2026, 11:08:59 PM
2027-01-15
$155.00
10/2/2026, 11:08:59 PM
2027-02-19
$150.00
10/2/2026, 11:08:59 PM
2027-03-19
$100.00
10/2/2026, 11:08:59 PM
2027-04-16
$170.00
10/2/2026, 11:08:59 PM
2027-05-21
$125.00
10/2/2026, 11:08:59 PM
Selected expiration: 2026-10-16 at max pain $145.00.
DAC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
8672500
8672500
80
0
7970500
7970500
85
0
7268500
7268500
90
0
6568000
6568000
95
0
5869000
5869000
100
0
5173500
5173500
105
0
4478000
4478000
110
1000
3782500
3783500
115
6000
3106500
3112500
120
97500
2482500
2580000
125
220000
1953000
2173000
130
373000
1426000
1799000
135
557500
957500
1515000
140
759500
595000
1354500
145
978500
342500
1321000
150
1219000
101500
1320500
155
1564500
41000
1605500
160
2021500
5000
2026500
165
2507000
0
2507000
170
3132000
0
3132000
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.