This page reflects FN 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 — FN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $450.00 (13.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$450.00
Nearest expiry
Expected Move
±$40.60
±8.8%
Days to Expiry
14
Calendar days
Total Call OI
3,969
Nearest expiry
Total Put OI
4,083
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$463.69
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
$480.00
8/21/2026, 11:13:29 PM
2026-09-18
$400.00
9/18/2026, 11:14:12 PM
2026-10-16NextUpdated
$450.00
10/2/2026, 11:14:26 PM
2026-11-20
$470.00
10/2/2026, 11:14:26 PM
2026-12-18
$680.00
10/2/2026, 11:14:26 PM
2027-01-15
$430.00
10/2/2026, 11:14:26 PM
2027-04-16
$360.00
10/2/2026, 11:14:26 PM
2027-07-16
$380.00
10/2/2026, 11:14:26 PM
Selected expiration: 2026-10-16 at max pain $450.00.
FN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
210
0
71876000
71876000
220
0
67793000
67793000
230
0
63710000
63710000
240
0
59627000
59627000
250
0
55551000
55551000
260
0
51487000
51487000
270
0
47454000
47454000
280
0
43446000
43446000
290
2000
39489000
39491000
300
4000
35745000
35749000
310
7000
32127000
32134000
320
10000
28610000
28620000
330
23000
25332000
25355000
340
40000
22167000
22207000
350
57000
19205000
19262000
360
87000
16613000
16700000
370
122000
14233000
14355000
380
195000
12062000
12257000
390
308000
10031000
10339000
400
440000
8236000
8676000
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.