This page reflects ETN 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 — ETN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $420.00 (16.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$420.00
Nearest expiry
Expected Move
±$8.85
±2.0%
Days to Expiry
7
Calendar days
Total Call OI
1,009
Nearest expiry
Total Put OI
3,550
Nearest expiry
P/C OI Ratio
3.52
Put-heavy
Spot Price
$436.11
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$410.00
9/25/2026, 11:10:42 PM
2026-10-02Updated
$410.00
10/2/2026, 11:10:31 PM
2026-10-09Next
$420.00
10/2/2026, 11:10:31 PM
2026-10-16
$420.00
10/2/2026, 11:10:31 PM
2026-10-23
$420.00
10/2/2026, 11:10:31 PM
2026-10-30
$435.00
10/2/2026, 11:10:31 PM
2026-11-06
$440.00
10/2/2026, 11:10:31 PM
2026-11-20
$420.00
10/2/2026, 11:10:31 PM
2026-12-18
$380.00
10/2/2026, 11:10:31 PM
2027-01-15
$420.00
10/2/2026, 11:10:31 PM
2027-03-19
$410.00
10/2/2026, 11:10:31 PM
2027-04-16
$390.00
10/2/2026, 11:10:31 PM
2027-06-17
$400.00
10/2/2026, 11:10:31 PM
2027-09-17
$400.00
10/2/2026, 11:10:31 PM
Selected expiration: 2026-10-09 at max pain $420.00.
ETN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
240
0
52698250
52698250
245
1000
50711250
50712250
250
2500
48724250
48726750
290
18500
32828250
32846750
300
22500
28854250
28876750
310
27500
24880250
24907750
315
31000
22893250
22924250
320
34500
20906750
20941250
335
45000
14948750
14993750
340
63000
12962750
13025750
345
81000
10977250
11058250
350
99000
9872250
9971250
355
117000
8770250
8887250
360
135500
7948750
8084250
365
154500
7137250
7291750
370
173500
6333250
6506750
375
192500
5599750
5792250
380
211500
4880750
5092250
385
231500
4171750
4403250
390
252000
3503250
3755250
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.