This page reflects FEIM 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 — FEIM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (6.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$10.03
±11.7%
Days to Expiry
14
Calendar days
Total Call OI
283
Nearest expiry
Total Put OI
560
Nearest expiry
P/C OI Ratio
1.98
Put-heavy
Spot Price
$86.03
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
$65.00
8/21/2026, 11:12:58 PM
2026-09-18
$80.00
9/18/2026, 11:12:55 PM
2026-10-16NextUpdated
$80.00
10/2/2026, 11:12:40 PM
2026-11-20
$70.00
10/2/2026, 11:12:40 PM
2027-02-19
$60.00
10/2/2026, 11:12:40 PM
2027-05-21
$55.00
10/2/2026, 11:12:40 PM
Selected expiration: 2026-10-16 at max pain $80.00.
FEIM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
662000
662000
50
0
514000
514000
55
500
405000
405500
60
2000
296000
298000
65
5000
200000
205000
70
15500
117500
133000
75
29500
62000
91500
80
50500
34000
84500
85
73000
18000
91000
90
110000
12500
122500
95
163000
8500
171500
100
232500
5000
237500
105
334500
2000
336500
110
456000
0
456000
115
593500
0
593500
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.