This page reflects GAP 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 — GAP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $23.00 (0.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$0.95
±4.2%
Days to Expiry
7
Calendar days
Total Call OI
2,014
Nearest expiry
Total Put OI
1,524
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$22.51
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$20.00
9/25/2026, 11:12:30 PM
2026-10-02Updated
$21.50
10/2/2026, 11:14:01 PM
2026-10-09Next
$23.00
10/2/2026, 11:14:01 PM
2026-10-16
$21.00
10/2/2026, 11:14:01 PM
2026-10-23
$20.50
10/2/2026, 11:14:01 PM
2026-10-30
$21.00
10/2/2026, 11:14:01 PM
2026-11-20
$21.00
10/2/2026, 11:14:01 PM
2026-12-18
$21.00
10/2/2026, 11:14:01 PM
2027-01-15
$24.00
10/2/2026, 11:14:01 PM
2027-03-19
$23.00
10/2/2026, 11:14:01 PM
2027-06-17
$22.00
10/2/2026, 11:14:01 PM
2027-09-17
$25.00
10/2/2026, 11:14:01 PM
Selected expiration: 2026-10-09 at max pain $23.00.
GAP pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
15.5
0
841950
841950
17
450
613350
613800
17.5
600
537650
538250
18
750
464800
465550
18.5
1000
395100
396100
19
1250
326950
328200
19.5
1650
270100
271750
20
2200
222150
224350
20.5
3050
181650
184700
21
6150
142100
148250
21.5
17200
105050
122250
22
32050
70250
102300
22.5
52250
35750
88000
23
77900
2400
80300
23.5
126800
500
127300
24
186300
100
186400
24.5
275750
50
275800
25
368200
0
368200
25.5
464300
0
464300
26
563850
0
563850
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.