This page reflects EIX 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 — EIX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (11.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$3.17
±5.9%
Days to Expiry
14
Calendar days
Total Call OI
28,098
Nearest expiry
Total Put OI
34,769
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$53.89
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
$70.00
8/21/2026, 11:12:28 PM
2026-09-18
$65.00
9/18/2026, 11:11:43 PM
2026-10-16NextUpdated
$65.00
10/2/2026, 11:12:39 PM
2026-11-20
$52.50
10/2/2026, 11:12:39 PM
2027-01-15
$60.00
10/2/2026, 11:12:39 PM
2027-04-16
$55.00
10/2/2026, 11:12:39 PM
Selected expiration: 2026-10-16 at max pain $65.00.
EIX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
87612250
87612250
37.5
4000
78476500
78480500
40
8500
69340750
69349250
42.5
15500
60214000
60229500
45
26250
51105250
51131500
47.5
53250
42454250
42507500
50
84250
34464500
34548750
52.5
146000
27569750
27715750
55
551000
21220750
21771750
57.5
2495500
16525250
19020750
60
4720500
11929250
16649750
62.5
7974750
8096750
16071500
65
11534500
4375750
15910250
67.5
15510250
2740000
18250250
70
19629250
1512750
21142000
72.5
24190750
915250
25106000
75
28995250
516000
29511250
77.5
34347000
378750
34725750
80
40441250
246750
40688000
82.5
46692000
182500
46874500
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.