This page reflects ESAB 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 — ESAB
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $70.00 (0.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$6.08
±8.7%
Days to Expiry
14
Calendar days
Total Call OI
1,194
Nearest expiry
Total Put OI
5,328
Nearest expiry
P/C OI Ratio
4.46
Put-heavy
Spot Price
$69.90
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
$95.00
8/21/2026, 11:14:26 PM
2026-09-18
$70.00
9/18/2026, 11:13:17 PM
2026-10-16NextUpdated
$70.00
10/2/2026, 11:12:17 PM
2026-11-20
$65.00
10/2/2026, 11:12:17 PM
2026-12-18
$120.00
10/2/2026, 11:12:17 PM
2027-01-15
$65.00
10/2/2026, 11:12:17 PM
2027-04-16
$65.00
10/2/2026, 11:12:17 PM
Selected expiration: 2026-10-16 at max pain $70.00.
ESAB pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
598500
598500
60
0
470000
470000
65
0
344000
344000
70
28000
221000
249000
75
528500
104500
633000
80
1074500
62000
1136500
85
1648500
20500
1669000
90
2222500
17000
2239500
95
2796500
13500
2810000
100
3372500
10000
3382500
105
3960500
6500
3967000
110
4552000
3500
4555500
115
5143500
500
5144000
120
5735000
0
5735000
130
6918000
0
6918000
135
7510500
0
7510500
140
8104500
0
8104500
150
9294500
0
9294500
155
9891000
0
9891000
180
12876000
0
12876000
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.