This page reflects ESI 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 — ESI
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $34.00 (3.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$0.90
±2.4%
Days to Expiry
11
Calendar days
Total Call OI
1,904
Nearest expiry
Total Put OI
9,612
Nearest expiry
P/C OI Ratio
5.05
Put-heavy
Spot Price
$37.54
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
$35.00
8/21/2026, 11:13:37 PM
2026-09-18
$34.00
9/18/2026, 11:12:35 PM
2026-10-16NextUpdated
$34.00
10/5/2026, 11:12:05 PM
2026-11-20
$34.00
10/5/2026, 11:12:05 PM
2026-12-18
$32.00
10/5/2026, 11:12:05 PM
2027-02-19
$35.00
10/5/2026, 11:12:05 PM
2027-05-21
$38.00
10/5/2026, 11:12:05 PM
Selected expiration: 2026-10-16 at max pain $34.00.
ESI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
26
0
4455800
4455800
27
0
3494700
3494700
28
0
2533800
2533800
29
0
1573000
1573000
30
0
1112600
1112600
31
200
739900
740100
32
400
367900
368300
33
600
25900
26500
34
2100
16100
18200
35
81200
10600
91800
36
249500
5300
254800
37
419000
0
419000
38
589600
0
589600
39
774700
0
774700
40
961900
0
961900
41
1150800
0
1150800
44
1718100
0
1718100
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.