Nearest listed expiration 2026-10-09 shows max pain at $105.00 (1.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$2.36
±2.3%
Days to Expiry
7
Calendar days
Total Call OI
3,829
Nearest expiry
Total Put OI
1,161
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$103.96
Published close
Consensus
6.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-30
$105.00
9/30/2026, 11:10:19 PM
2026-10-02Updated
$104.00
10/2/2026, 11:10:07 PM
2026-10-09Next
$105.00
10/2/2026, 11:10:07 PM
2026-10-16
$106.00
10/2/2026, 11:10:07 PM
2026-10-23
$105.00
10/2/2026, 11:10:07 PM
2026-10-30
$106.00
10/2/2026, 11:10:07 PM
2026-11-06
$101.50
10/2/2026, 11:10:07 PM
2026-11-20
$107.00
10/2/2026, 11:10:07 PM
2026-11-30
$103.00
10/2/2026, 11:10:07 PM
2026-12-18
$101.00
10/2/2026, 11:10:07 PM
2026-12-31
$107.00
10/2/2026, 11:10:07 PM
2027-01-15
$100.00
10/2/2026, 11:10:07 PM
2027-03-19
$108.00
10/2/2026, 11:10:07 PM
2027-03-31
$90.00
10/2/2026, 11:10:07 PM
2027-06-17
$110.00
10/2/2026, 11:10:07 PM
2027-06-30
$114.00
10/2/2026, 11:10:07 PM
2027-09-17
$113.00
10/2/2026, 11:10:07 PM
Selected expiration: 2026-10-09 at max pain $105.00.
EFA pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
2591750
2591750
85
0
2013250
2013250
90
0
1436750
1436750
95
0
867750
867750
97
0
642750
642750
98
0
530550
530550
99
0
418450
418450
100
0
327350
327350
101
100
243050
243150
102
200
168750
168950
102.5
1550
135500
137050
103
2900
105450
108350
103.5
4250
77000
81250
104
5600
52450
58050
104.5
9800
30450
40250
105
17500
10600
28100
105.5
29500
5300
34800
106
43500
0
43500
106.5
58500
0
58500
107
110800
0
110800
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.