This page reflects FLEX 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 — FLEX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $115.00 (1.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$10.20
±8.8%
Days to Expiry
14
Calendar days
Total Call OI
18,212
Nearest expiry
Total Put OI
6,273
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$116.61
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
$115.00
8/21/2026, 11:12:47 PM
2026-09-18
$120.00
9/18/2026, 11:13:37 PM
2026-10-16NextUpdated
$115.00
10/2/2026, 11:12:25 PM
2026-11-20
$110.00
10/2/2026, 11:12:25 PM
2027-01-15
$90.00
10/2/2026, 11:12:25 PM
2027-02-19
$120.00
10/2/2026, 11:12:25 PM
2027-04-16
$110.00
10/2/2026, 11:12:25 PM
Selected expiration: 2026-10-16 at max pain $115.00.
FLEX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
43987500
43987500
40
0
40854000
40854000
50
0
34587000
34587000
55
1500
31453500
31455000
60
3000
28320500
28323500
65
4500
25187500
25192000
70
6500
22059000
22065500
75
11000
18934500
18945500
80
23000
15832500
15855500
85
37000
12800500
12837500
90
55000
9915500
9970500
95
99000
7407500
7506500
100
173000
5655000
5828000
105
267000
4158500
4425500
110
460000
2869500
3329500
115
1072000
1848500
2920500
120
2506500
1159000
3665500
125
5322000
745000
6067000
130
9024500
364500
9389000
135
13356000
179500
13535500
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.