This page reflects EQNR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — EQNR
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (2.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.33
±5.5%
Days to Expiry
11
Calendar days
Total Call OI
24,819
Nearest expiry
Total Put OI
21,916
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$42.35
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
$40.00
8/21/2026, 11:12:00 PM
2026-09-18
$42.00
9/18/2026, 11:13:15 PM
2026-10-16NextUpdated
$40.00
10/5/2026, 11:12:36 PM
2026-11-20
$45.00
10/5/2026, 11:12:36 PM
2027-01-15
$34.42
10/5/2026, 11:12:36 PM
2027-03-19
$45.00
10/5/2026, 11:12:36 PM
2027-04-16
$41.00
10/5/2026, 11:12:36 PM
2027-05-21
$50.00
10/5/2026, 11:12:36 PM
2027-08-20
$40.00
10/5/2026, 11:12:36 PM
Selected expiration: 2026-10-16 at max pain $40.00.
EQNR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
41115200
41115200
20
0
38923600
38923600
21
100
36733800
36733900
22
200
34544000
34544200
23
300
32354200
32354500
24
400
30164400
30164800
25
500
27974600
27975100
26
600
25805100
25805700
27
900
23641600
23642500
28
1200
21563900
21565100
29
1500
19486200
19487700
30
1800
17432800
17434600
31
2100
15415300
15417400
32
2400
13397800
13400200
33
2700
11477200
11479900
34
10500
9596100
9606600
35
54800
7851800
7906600
36
164100
6181100
6345200
37
329400
4538000
4867400
38
904100
2944800
3848900
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.