This page reflects DE 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 — DE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $685.00 (2.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$685.00
Nearest expiry
Expected Move
±$23.25
±3.4%
Days to Expiry
7
Calendar days
Total Call OI
1,169
Nearest expiry
Total Put OI
641
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$687.00
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
$687.50
9/25/2026, 11:10:29 PM
2026-10-02Updated
$682.50
10/2/2026, 11:11:17 PM
2026-10-09Next
$685.00
10/2/2026, 11:11:17 PM
2026-10-16
$670.00
10/2/2026, 11:11:17 PM
2026-10-23
$670.00
10/2/2026, 11:11:17 PM
2026-10-30
$680.00
10/2/2026, 11:11:17 PM
2026-11-06
$680.00
10/2/2026, 11:11:17 PM
2026-11-20
$680.00
10/2/2026, 11:11:17 PM
2026-12-18
$600.00
10/2/2026, 11:11:17 PM
2027-01-15
$540.00
10/2/2026, 11:11:17 PM
2027-02-19
$660.00
10/2/2026, 11:11:17 PM
2027-03-19
$640.00
10/2/2026, 11:11:17 PM
2027-06-17
$680.00
10/2/2026, 11:11:17 PM
2027-09-17
$660.00
10/2/2026, 11:11:17 PM
Selected expiration: 2026-10-09 at max pain $685.00.
DE pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
320
0
29102750
29102750
500
0
12920750
12920750
510
1000
12051750
12052750
520
2000
11183750
11185750
530
3000
10316750
10319750
540
4000
9451750
9455750
550
5000
8587750
8592750
560
6000
7736750
7742750
570
7000
6887750
6894750
580
8000
6048750
6056750
590
9000
5218750
5227750
600
10000
4402750
4412750
605
11500
4004250
4015750
610
13000
3606250
3619250
615
14500
3222750
3237250
617.5
15250
3037000
3052250
620
16000
2853250
2869250
622.5
17000
2680750
2697750
625
18000
2514250
2532250
627.5
19500
2350750
2370250
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.