This page reflects FTI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — FTI
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $75.00 (4.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.53
±5.0%
Days to Expiry
11
Calendar days
Total Call OI
12,287
Nearest expiry
Total Put OI
1,918
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$70.25
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
$70.00
8/21/2026, 11:14:08 PM
2026-09-18
$75.00
9/18/2026, 11:13:00 PM
2026-10-16NextUpdated
$75.00
10/5/2026, 11:15:48 PM
2026-11-20
$70.00
10/5/2026, 11:15:48 PM
2027-01-15
$55.00
10/5/2026, 11:15:48 PM
2027-03-19
$70.00
10/5/2026, 11:15:48 PM
2027-05-21
$45.00
10/5/2026, 11:15:48 PM
Selected expiration: 2026-10-16 at max pain $75.00.
FTI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
6277500
6277500
40
10500
5318500
5329000
45
21000
4359500
4380500
50
32000
3400500
3432500
55
51500
2441500
2493000
60
74000
1482500
1556500
65
136000
595500
731500
70
207500
252000
459500
75
391500
36500
428000
80
1266500
2000
1268500
85
3183000
500
3183500
90
7345500
0
7345500
95
11577000
0
11577000
100
17692000
0
17692000
105
23821500
0
23821500
110
29962000
0
29962000
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.