This page reflects FIVE 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 — FIVE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $230.00 (8.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$13.85
±6.3%
Days to Expiry
14
Calendar days
Total Call OI
1,689
Nearest expiry
Total Put OI
1,554
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$221.19
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
$210.00
8/21/2026, 11:15:12 PM
2026-09-18
$230.00
9/18/2026, 11:13:13 PM
2026-10-16NextUpdated
$230.00
10/2/2026, 11:13:33 PM
2026-11-20
$230.00
10/2/2026, 11:13:33 PM
2027-01-15
$195.00
10/2/2026, 11:13:33 PM
2027-02-19
$240.00
10/2/2026, 11:13:33 PM
2027-05-21
$210.00
10/2/2026, 11:13:33 PM
Selected expiration: 2026-10-16 at max pain $230.00.
FIVE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
7711000
7711000
175
9000
6157000
6166000
180
13500
5381500
5395000
185
18000
4692500
4710500
190
22500
4017500
4040000
195
28000
3394500
3422500
200
52000
2800000
2852000
210
120000
1815000
1935000
220
197000
971000
1168000
230
606000
419000
1025000
240
1273000
147000
1420000
250
1990000
0
1990000
260
3075000
0
3075000
270
4394000
0
4394000
280
5942000
0
5942000
290
7525000
0
7525000
300
9112000
0
9112000
310
10790000
0
10790000
320
12472000
0
12472000
330
14155000
0
14155000
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.