This page reflects EWTX 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 — EWTX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (1.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$4.33
±10.4%
Days to Expiry
14
Calendar days
Total Call OI
5,242
Nearest expiry
Total Put OI
3,449
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$41.40
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
$30.00
8/21/2026, 11:11:52 PM
2026-09-18
$45.00
9/18/2026, 11:13:47 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:11:20 PM
2026-11-20
$37.00
10/2/2026, 11:11:20 PM
2026-12-18
$44.00
10/2/2026, 11:11:20 PM
2027-01-15
$44.00
10/2/2026, 11:11:20 PM
2027-02-19
$31.00
10/2/2026, 11:11:20 PM
2027-03-19
$50.00
10/2/2026, 11:11:20 PM
2027-05-21
$36.00
10/2/2026, 11:11:20 PM
Selected expiration: 2026-10-16 at max pain $40.00.
EWTX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
3630500
3630500
30
5000
1906000
1911000
31
6000
1561100
1567100
33
8000
881300
889300
34
9200
541400
550600
35
10400
202500
212900
36
11600
164600
176200
37
12900
127200
140100
38
14600
91400
106000
39
18700
60200
78900
40
22800
33000
55800
41
42400
22900
65300
42
62100
14300
76400
43
109100
10000
119100
44
156300
7000
163300
45
209100
4000
213100
46
271200
1000
272200
47
344300
0
344300
48
419500
0
419500
49
497200
0
497200
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.