This page reflects ECL 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 — ECL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $270.00 (3.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$10.70
±3.9%
Days to Expiry
14
Calendar days
Total Call OI
7,936
Nearest expiry
Total Put OI
2,727
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$273.70
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
$280.00
8/21/2026, 11:11:45 PM
2026-09-18
$280.00
9/18/2026, 11:12:43 PM
2026-10-16NextUpdated
$270.00
10/2/2026, 11:12:29 PM
2026-11-20
$270.00
10/2/2026, 11:12:29 PM
2026-12-18
$270.00
10/2/2026, 11:12:29 PM
2027-01-15
$270.00
10/2/2026, 11:12:29 PM
2027-04-16
$200.00
10/2/2026, 11:12:29 PM
Selected expiration: 2026-10-16 at max pain $270.00.
ECL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
22486500
22486500
185
0
21123000
21123000
190
0
19759500
19759500
195
0
18396500
18396500
200
0
17039000
17039000
210
23000
14333000
14356000
220
46000
11639000
11685000
230
69000
8957000
9026000
240
93000
6310000
6403000
250
126000
3744000
3870000
260
171000
1508000
1679000
270
337000
270000
607000
280
965000
47000
1012000
290
2157000
12000
2169000
300
5730000
0
5730000
310
12990000
0
12990000
320
20416000
0
20416000
330
28086000
0
28086000
340
35907000
0
35907000
350
43740000
0
43740000
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.