This page reflects DQ 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 — DQ
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $17.00 (6.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$0.88
±8.0%
Days to Expiry
14
Calendar days
Total Call OI
3,439
Nearest expiry
Total Put OI
16,358
Nearest expiry
P/C OI Ratio
4.76
Put-heavy
Spot Price
$11.00
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
$15.00
8/21/2026, 11:10:59 PM
2026-09-18
$12.00
9/18/2026, 11:12:29 PM
2026-10-16NextUpdated
$17.00
10/2/2026, 11:09:45 PM
2026-11-20
$12.00
10/2/2026, 11:09:45 PM
2027-01-15
$16.00
10/2/2026, 11:09:45 PM
2027-04-16
$17.00
10/2/2026, 11:09:45 PM
Selected expiration: 2026-10-16 at max pain $17.00.
DQ pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
24112800
24112800
5
400
17569600
17570000
6
600
15933800
15934400
9
1500
11027900
11029400
10
1800
9393200
9395000
11
2300
7811900
7814200
12
27800
6387100
6414900
13
88400
5104100
5192500
14
179400
3830800
4010200
15
280700
2559400
2840100
16
431000
1295400
1726400
17
706800
33900
740700
18
998700
27000
1025700
19
1297600
20600
1318200
20
1596500
14400
1610900
21
1917200
8300
1925500
22
2237900
3900
2241800
23
2562300
2600
2564900
24
2886700
1300
2888000
25
3211100
0
3211100
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.