Nearest listed expiration 2026-10-09 shows max pain at $515.00 (3.90 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$515.00
Nearest expiry
Expected Move
±$6.49
±1.3%
Days to Expiry
7
Calendar days
Total Call OI
22,876
Nearest expiry
Total Put OI
12,174
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$511.10
Published close
Consensus
7.0/10
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
2026-09-30
$511.00
9/30/2026, 11:11:16 PM
2026-10-02Updated
$509.00
10/2/2026, 11:12:14 PM
2026-10-09Next
$515.00
10/2/2026, 11:12:14 PM
2026-10-16
$520.00
10/2/2026, 11:12:14 PM
2026-10-23
$510.00
10/2/2026, 11:12:14 PM
2026-10-30
$517.00
10/2/2026, 11:12:14 PM
2026-11-06
$508.00
10/2/2026, 11:12:14 PM
2026-11-20
$520.00
10/2/2026, 11:12:14 PM
2026-12-18
$500.00
10/2/2026, 11:12:14 PM
2026-12-31
$508.00
10/2/2026, 11:12:14 PM
2027-01-15
$510.00
10/2/2026, 11:12:14 PM
2027-03-19
$540.00
10/2/2026, 11:12:14 PM
2027-03-31
$540.00
10/2/2026, 11:12:14 PM
2027-06-17
$520.00
10/2/2026, 11:12:14 PM
2027-06-30
$490.00
10/2/2026, 11:12:14 PM
Selected expiration: 2026-10-09 at max pain $515.00.
DIA pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
355
0
179128100
179128100
365
0
166964100
166964100
370
0
160905100
160905100
390
6000
136669100
136675100
395
10500
130610100
130620600
405
26500
118496100
118522600
410
34500
112440600
112475100
415
42500
106386600
106429100
420
50500
100335600
100386100
425
59500
94288600
94348100
440
86500
76180600
76267100
445
95500
70147100
70242600
450
105500
64141100
64246600
455
115500
58153600
58269100
460
125500
52195600
52321100
465
137000
46250600
46387600
470
148500
40325600
40474100
475
160500
34448600
34609100
480
172500
28677600
28850100
485
193000
22996100
23189100
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.