This page reflects DFTX 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 — DFTX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (2.60 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.23
±8.6%
Days to Expiry
14
Calendar days
Total Call OI
16,871
Nearest expiry
Total Put OI
10,982
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$37.40
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
$42.00
8/21/2026, 11:12:03 PM
2026-09-18
$38.00
9/18/2026, 11:11:20 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:10:41 PM
2026-11-20
$37.00
10/2/2026, 11:10:41 PM
2026-12-18
$37.00
10/2/2026, 11:10:41 PM
2027-01-15
$10.00
10/2/2026, 11:10:41 PM
2027-03-19
$40.00
10/2/2026, 11:10:41 PM
Selected expiration: 2026-10-16 at max pain $40.00.
DFTX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
22
0
14942900
14942900
23
500
13844700
13845200
25
2100
11651300
11653400
26
4200
10554800
10559000
28
8400
8362200
8370600
29
11000
7267000
7278000
30
14200
6180500
6194700
31
20200
5099700
5119900
32
26700
4132200
4158900
33
33800
3164900
3198700
34
40900
2373400
2414300
35
49100
1583300
1632400
36
62300
994200
1056500
37
75500
490400
565900
38
91000
301900
392900
39
116300
129200
245500
40
173400
31600
205000
41
322000
17300
339300
42
505400
9000
514400
43
709900
2400
712300
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.