This page reflects EXC 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 — EXC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $43.00 (2.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$1.20
±3.0%
Days to Expiry
14
Calendar days
Total Call OI
9,985
Nearest expiry
Total Put OI
4,226
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$40.73
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
$47.00
8/21/2026, 11:13:40 PM
2026-09-18
$45.00
9/18/2026, 11:13:34 PM
2026-10-16NextUpdated
$43.00
10/2/2026, 11:13:15 PM
2026-11-20
$41.00
10/2/2026, 11:13:15 PM
2026-12-18
$45.00
10/2/2026, 11:13:15 PM
2027-01-15
$44.00
10/2/2026, 11:13:15 PM
2027-03-19
$43.00
10/2/2026, 11:13:15 PM
2027-04-16
$44.00
10/2/2026, 11:13:15 PM
2027-06-17
$43.00
10/2/2026, 11:13:15 PM
2027-09-17
$45.00
10/2/2026, 11:13:15 PM
Selected expiration: 2026-10-16 at max pain $43.00.
EXC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5380000
5380000
35
0
3263000
3263000
38
0
2000600
2000600
39
0
1580900
1580900
40
100
1161200
1161300
41
8300
762400
770700
42
48300
374200
422500
43
102000
24700
126700
44
279900
15500
295400
45
763800
6400
770200
46
1512400
4800
1517200
47
2359500
3200
2362700
48
3237900
1600
3239500
49
4188700
0
4188700
50
5146100
0
5146100
55
10079100
0
10079100
60
15103100
0
15103100
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.