This page reflects DRI 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 — DRI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $210.00 (9.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$8.90
±4.4%
Days to Expiry
14
Calendar days
Total Call OI
5,657
Nearest expiry
Total Put OI
3,334
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$200.33
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
$210.00
8/21/2026, 11:07:03 PM
2026-09-18
$210.00
9/18/2026, 11:12:03 PM
2026-10-16NextUpdated
$210.00
10/2/2026, 11:10:37 PM
2026-11-20
$210.00
10/2/2026, 11:10:37 PM
2026-12-18
$210.00
10/2/2026, 11:10:37 PM
2027-01-15
$200.00
10/2/2026, 11:10:37 PM
2027-03-19
$220.00
10/2/2026, 11:10:37 PM
2027-04-16
$210.00
10/2/2026, 11:10:37 PM
2027-06-17
$210.00
10/2/2026, 11:10:37 PM
2027-09-17
$195.00
10/2/2026, 11:10:37 PM
Selected expiration: 2026-10-16 at max pain $210.00.
DRI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
20165500
20165500
130
0
18499500
18499500
140
0
15182500
15182500
145
0
13526500
13526500
150
0
11870500
11870500
155
0
10244000
10244000
160
0
8622500
8622500
165
0
7096500
7096500
170
0
5773000
5773000
175
0
4481000
4481000
180
0
3284000
3284000
185
0
2255500
2255500
190
0
1486500
1486500
195
8500
859500
868000
200
31500
471000
502500
210
274500
122000
396500
220
1058500
67000
1125500
230
2718500
35000
2753500
240
6017500
26000
6043500
250
10631500
17000
10648500
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.