This page reflects EMR 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 — EMR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $152.50 (9.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$152.50
Nearest expiry
Expected Move
±$4.50
±2.8%
Days to Expiry
7
Calendar days
Total Call OI
1,419
Nearest expiry
Total Put OI
83
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$161.61
Published close
Consensus
-
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
2026-09-25
$150.00
9/25/2026, 11:13:47 PM
2026-10-02Updated
$152.50
10/2/2026, 11:12:49 PM
2026-10-09Next
$152.50
10/2/2026, 11:12:49 PM
2026-10-16
$150.00
10/2/2026, 11:12:49 PM
2026-10-23
$150.00
10/2/2026, 11:12:49 PM
2026-10-30
$157.50
10/2/2026, 11:12:49 PM
2026-11-06
$160.00
10/2/2026, 11:12:49 PM
2026-11-20
$150.00
10/2/2026, 11:12:49 PM
2026-12-18
$150.00
10/2/2026, 11:12:49 PM
2027-01-15
$150.00
10/2/2026, 11:12:49 PM
2027-03-19
$150.00
10/2/2026, 11:12:49 PM
2027-06-17
$160.00
10/2/2026, 11:12:49 PM
2027-09-17
$150.00
10/2/2026, 11:12:49 PM
Selected expiration: 2026-10-09 at max pain $152.50.
EMR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
473000
473000
100
0
432500
432500
130
0
192500
192500
135
0
153500
153500
138
0
131600
131600
140
0
117200
117200
141
0
110200
110200
143
0
96600
96600
145
0
83800
83800
148
600
65500
66100
149
900
59400
60300
150
1300
53500
54800
152.5
2550
40250
42800
155
5050
27000
32050
157.5
16050
14000
30050
160
31050
2000
33050
162.5
164550
0
164550
165
342550
0
342550
167.5
642050
0
642050
170
983050
0
983050
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.