This page reflects FANG 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 — FANG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $190.00 (5.29 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
±$9.75
±5.3%
Days to Expiry
14
Calendar days
Total Call OI
7,351
Nearest expiry
Total Put OI
3,449
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$184.71
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
$200.00
8/21/2026, 11:12:20 PM
2026-09-18
$190.00
9/18/2026, 11:13:05 PM
2026-10-16NextUpdated
$190.00
10/2/2026, 11:12:28 PM
2026-11-20
$185.00
10/2/2026, 11:12:28 PM
2026-12-18
$190.00
10/2/2026, 11:12:28 PM
2027-01-15
$175.00
10/2/2026, 11:12:28 PM
2027-03-19
$195.00
10/2/2026, 11:12:28 PM
2027-06-17
$190.00
10/2/2026, 11:12:28 PM
2027-08-20
$210.00
10/2/2026, 11:12:28 PM
2027-09-17
$220.00
10/2/2026, 11:12:28 PM
Selected expiration: 2026-10-16 at max pain $190.00.
FANG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
12787500
12787500
150
0
11085500
11085500
155
0
9388500
9388500
160
15000
7698000
7713000
165
31000
6160500
6191500
170
52000
4702000
4754000
175
85000
3342000
3427000
180
123000
2209500
2332500
185
187000
1530000
1717000
190
418000
922000
1340000
195
933000
498000
1431000
200
2369000
183000
2552000
210
5928000
0
5928000
220
11243000
0
11243000
230
17715000
0
17715000
240
24344000
0
24344000
250
31257000
0
31257000
260
38242000
0
38242000
270
45587000
0
45587000
310
74979000
0
74979000
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.