This page reflects DTE 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 — DTE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $135.00 (10.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$3.35
±2.7%
Days to Expiry
14
Calendar days
Total Call OI
2,727
Nearest expiry
Total Put OI
456
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$124.45
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
$140.00
8/21/2026, 11:12:01 PM
2026-09-18
$135.00
9/18/2026, 11:10:15 PM
2026-10-16NextUpdated
$135.00
10/2/2026, 11:09:03 PM
2026-11-20
$125.00
10/2/2026, 11:09:03 PM
2027-01-15
$130.00
10/2/2026, 11:09:03 PM
2027-04-16
$125.00
10/2/2026, 11:09:03 PM
Selected expiration: 2026-10-16 at max pain $135.00.
DTE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
1977500
1977500
100
0
1530500
1530500
105
1500
1307000
1308500
110
3000
1090000
1093000
115
4500
893000
897500
120
6000
711500
717500
125
13500
552500
566000
130
39000
468500
507500
135
110000
387500
497500
140
667000
307500
974500
145
1546000
227500
1773500
150
2480500
147500
2628000
155
3445500
69000
3514500
160
4506500
22500
4529000
165
5597500
1500
5599000
170
6794500
1000
6795500
175
8066000
500
8066500
180
9425000
0
9425000
185
10786000
0
10786000
190
12148500
0
12148500
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.