This page reflects ERIC 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 — ERIC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $10.00 (0.71 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.77
±8.3%
Days to Expiry
14
Calendar days
Total Call OI
31,752
Nearest expiry
Total Put OI
4,065
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$9.29
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
$11.00
8/21/2026, 11:11:47 PM
2026-09-18
$10.00
9/18/2026, 11:13:00 PM
2026-10-16NextUpdated
$10.00
10/2/2026, 11:12:04 PM
2026-11-20
$10.00
10/2/2026, 11:12:04 PM
2027-01-15
$10.00
10/2/2026, 11:12:04 PM
2027-04-16
$7.00
10/2/2026, 11:12:04 PM
Selected expiration: 2026-10-16 at max pain $10.00.
ERIC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
3002000
3002000
4
0
2595500
2595500
5
0
2189000
2189000
6
0
1782500
1782500
7
300
1376000
1376300
8
5700
971000
976700
9
11600
575200
586800
10
27800
250000
277800
11
1473700
105200
1578900
12
3002700
51300
3054000
13
4721200
6200
4727400
14
6666200
400
6666600
15
9734300
0
9734300
16
12802400
0
12802400
17
15870500
0
15870500
18
18997500
0
18997500
19
22139500
0
22139500
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.