This page reflects DY 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 — DY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $290.00 (16.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$290.00
Nearest expiry
Expected Move
±$19.90
±7.3%
Days to Expiry
14
Calendar days
Total Call OI
4,125
Nearest expiry
Total Put OI
965
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$273.75
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
$400.00
8/21/2026, 11:12:52 PM
2026-09-18
$310.00
9/18/2026, 11:12:26 PM
2026-10-16NextUpdated
$290.00
10/2/2026, 11:12:14 PM
2026-11-20
$310.00
10/2/2026, 11:12:14 PM
2026-12-18
$370.00
10/2/2026, 11:12:14 PM
2027-03-19
$340.00
10/2/2026, 11:12:14 PM
Selected expiration: 2026-10-16 at max pain $290.00.
DY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
9767000
9767000
200
0
7865000
7865000
210
7000
6914000
6921000
220
14000
5964000
5978000
230
21000
5016000
5037000
240
28000
4088000
4116000
250
36000
3206000
3242000
260
54000
2418000
2472000
270
84000
1704000
1788000
280
152000
1214000
1366000
290
558000
767000
1325000
300
1530000
460000
1990000
310
2854000
214000
3068000
320
5186000
15000
5201000
330
7901000
0
7901000
340
10647000
0
10647000
350
13425000
0
13425000
360
17142000
0
17142000
370
20876000
0
20876000
380
24615000
0
24615000
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.