This page reflects EME 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 — EME
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $760.00 (26.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$760.00
Nearest expiry
Expected Move
±$38.30
±4.9%
Days to Expiry
14
Calendar days
Total Call OI
1,027
Nearest expiry
Total Put OI
776
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$786.61
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
$770.00
8/21/2026, 11:11:33 PM
2026-09-18
$750.00
9/18/2026, 11:13:04 PM
2026-10-16NextUpdated
$760.00
10/2/2026, 11:12:12 PM
2026-11-20
$710.00
10/2/2026, 11:12:12 PM
2026-12-18
$620.00
10/2/2026, 11:12:12 PM
2027-01-15
$720.00
10/2/2026, 11:12:12 PM
2027-04-16
$600.00
10/2/2026, 11:12:12 PM
Selected expiration: 2026-10-16 at max pain $760.00.
EME pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
380
0
23749000
23749000
390
1000
22973000
22974000
400
2000
22202000
22204000
410
5000
21431000
21436000
420
10000
20660000
20670000
430
15000
19921000
19936000
440
21000
19191000
19212000
450
27000
18468000
18495000
460
33000
17745000
17778000
470
39000
17022000
17061000
480
45000
16299000
16344000
490
51000
15576000
15627000
500
58000
14853000
14911000
520
74000
13409000
13483000
540
90000
11973000
12063000
560
124000
10545000
10669000
580
162000
9125000
9287000
600
202000
7707000
7909000
620
244000
6577000
6821000
630
265000
6015000
6280000
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.