This page reflects DCO 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 — DCO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $155.00 (20.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$6.35
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
86
Nearest expiry
Total Put OI
85
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$175.39
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
$190.00
8/21/2026, 11:10:43 PM
2026-09-18
$170.00
9/18/2026, 11:09:54 PM
2026-10-16NextUpdated
$155.00
10/2/2026, 11:09:08 PM
2026-11-20
$180.00
10/2/2026, 11:09:08 PM
2026-12-18
$145.00
10/2/2026, 11:09:08 PM
2027-03-19
$135.00
10/2/2026, 11:09:08 PM
Selected expiration: 2026-10-16 at max pain $155.00.
DCO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
134000
134000
140
0
98500
98500
145
0
67500
67500
150
7500
49500
57000
155
23000
33000
56000
160
39000
20500
59500
165
55500
9500
65000
170
72000
3000
75000
175
89500
1500
91000
180
108000
0
108000
185
144500
0
144500
190
182000
0
182000
220
410000
0
410000
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.