This page reflects FORM 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 — FORM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $115.00 (34.15 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
±$16.25
±10.9%
Days to Expiry
14
Calendar days
Total Call OI
9,245
Nearest expiry
Total Put OI
6,960
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$149.15
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, 11:13:08 PM
2026-09-18
$110.00
9/18/2026, 11:13:22 PM
2026-10-16NextUpdated
$115.00
10/2/2026, 11:13:01 PM
2026-11-20
$135.00
10/2/2026, 11:13:01 PM
2027-01-15
$110.00
10/2/2026, 11:13:01 PM
2027-04-16
$105.00
10/2/2026, 11:13:01 PM
Selected expiration: 2026-10-16 at max pain $115.00.
FORM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
37140500
37140500
50
0
33660500
33660500
55
6500
30195500
30202000
60
13000
26742500
26755500
65
19500
23354500
23374000
70
27000
20155000
20182000
75
102000
17048500
17150500
80
185000
14118500
14303500
85
270500
11287000
11557500
90
358500
9023000
9381500
95
464000
7468500
7932500
100
678500
5961500
6640000
105
1149500
4779500
5929000
110
1739500
3755000
5494500
115
2409000
2977000
5386000
120
3380500
2235500
5616000
125
4443000
1631000
6074000
130
5607000
1158000
6765000
135
7192500
782500
7975000
140
9221500
471000
9692500
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.