This page reflects DUOT 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 — DUOT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $7.50 (1.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$1.25
±13.7%
Days to Expiry
14
Calendar days
Total Call OI
4,338
Nearest expiry
Total Put OI
380
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$9.11
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
$10.00
8/21/2026, 11:10:57 PM
2026-09-18
$7.50
9/18/2026, 11:12:10 PM
2026-10-16NextUpdated
$7.50
10/2/2026, 11:09:55 PM
2026-11-20
$6.00
10/2/2026, 11:09:55 PM
2027-01-15
$7.50
10/2/2026, 11:09:55 PM
2027-04-16
$8.00
10/2/2026, 11:09:55 PM
Selected expiration: 2026-10-16 at max pain $7.50.
DUOT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
199450
199450
4
150
142450
142600
5
250
109150
109400
6
1650
84550
86200
7.5
11100
47650
58750
9
72000
24850
96850
10
146000
16750
162750
11
410700
12450
423150
12.5
808650
6000
814650
15
1594900
0
1594900
17.5
2552650
0
2552650
20
3637150
0
3637150
22.5
4721650
0
4721650
25
5806150
0
5806150
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.