This page reflects EXP 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 — EXP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $190.00 (18.64 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$3.18
±1.9%
Days to Expiry
14
Calendar days
Total Call OI
272
Nearest expiry
Total Put OI
133
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$171.36
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
$220.00
8/21/2026, 11:14:26 PM
2026-09-18
$190.00
9/18/2026, 11:12:45 PM
2026-10-16NextUpdated
$190.00
10/2/2026, 11:11:44 PM
2026-11-20
$210.00
10/2/2026, 11:11:44 PM
2027-01-15
$185.00
10/2/2026, 11:11:44 PM
2027-04-16
$180.00
10/2/2026, 11:11:44 PM
Selected expiration: 2026-10-16 at max pain $190.00.
EXP pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
877500
877500
115
0
811000
811000
120
0
745500
745500
125
0
682500
682500
140
0
496500
496500
145
0
435500
435500
150
0
374500
374500
155
0
314000
314000
160
0
254000
254000
165
0
196000
196000
170
500
141500
142000
175
1000
91500
92500
180
1500
54000
55500
185
4500
25000
29500
190
9000
0
9000
195
17500
0
17500
200
26500
0
26500
210
52500
0
52500
220
86500
0
86500
230
120500
0
120500
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.