This page reflects ESTC 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 — ESTC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (3.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$6.20
±6.6%
Days to Expiry
14
Calendar days
Total Call OI
3,572
Nearest expiry
Total Put OI
2,195
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$93.94
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
$55.00
8/21/2026, 11:12:08 PM
2026-09-18
$85.00
9/18/2026, 11:13:17 PM
2026-10-16NextUpdated
$90.00
10/2/2026, 11:10:51 PM
2026-11-20
$65.00
10/2/2026, 11:10:51 PM
2026-12-18
$65.00
10/2/2026, 11:10:51 PM
2027-01-15
$70.00
10/2/2026, 11:10:51 PM
2027-02-19
$90.00
10/2/2026, 11:10:51 PM
2027-06-17
$80.00
10/2/2026, 11:10:51 PM
Selected expiration: 2026-10-16 at max pain $90.00.
ESTC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
8319000
8319000
50
3000
7222500
7225500
55
6000
6128000
6134000
60
9000
5033500
5042500
65
13000
3940500
3953500
70
17500
2847500
2865000
75
22000
1791000
1813000
80
29500
906000
935500
85
86000
243000
329000
90
177500
71500
249000
95
452500
16500
469000
100
918000
1500
919500
105
2545000
0
2545000
110
4240000
0
4240000
115
5959500
0
5959500
120
7698000
0
7698000
125
9454500
0
9454500
150
18379500
0
18379500
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.