This page reflects FPS 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 — FPS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $32.50 (7.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.50
Nearest expiry
Expected Move
±$4.03
±10.0%
Days to Expiry
14
Calendar days
Total Call OI
27,841
Nearest expiry
Total Put OI
8,845
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$40.35
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
$37.50
8/21/2026, 11:14:32 PM
2026-09-18
$32.50
9/18/2026, 11:14:28 PM
2026-10-16NextUpdated
$32.50
10/2/2026, 11:13:41 PM
2026-11-20
$30.00
10/2/2026, 11:13:41 PM
2027-01-15
$45.00
10/2/2026, 11:13:41 PM
2027-02-19
$40.00
10/2/2026, 11:13:41 PM
2027-05-21
$35.00
10/2/2026, 11:13:41 PM
Selected expiration: 2026-10-16 at max pain $32.50.
FPS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
14129250
14129250
17.5
750
11918000
11918750
20
1750
9709250
9711000
22.5
24750
7540000
7564750
25
48250
5396000
5444250
27.5
90250
3685750
3776000
30
164750
2148500
2313250
32.5
809250
1148000
1957250
35
2161000
409500
2570500
37.5
4576750
127000
4703750
40
8118500
30750
8149250
42.5
12790000
13000
12803000
45
18468250
250
18468500
47.5
24465250
0
24465250
50
31019500
0
31019500
55
44693500
0
44693500
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.