This page reflects GOLD 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 — GOLD
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $44.00 (1.71 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$44.00
Nearest expiry
Expected Move
±$3.33
±7.9%
Days to Expiry
14
Calendar days
Total Call OI
2,747
Nearest expiry
Total Put OI
713
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$42.29
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
$40.00
8/21/2026, 11:15:37 PM
2026-09-18
$50.00
9/18/2026, 11:14:29 PM
2026-10-16NextUpdated
$44.00
10/2/2026, 11:14:48 PM
2026-11-20
$45.00
10/2/2026, 11:14:48 PM
2026-12-18
$15.00
10/2/2026, 11:14:48 PM
2027-01-15
$18.00
10/2/2026, 11:14:48 PM
2027-03-19
$40.00
10/2/2026, 11:14:48 PM
2027-06-17
$29.00
10/2/2026, 11:14:48 PM
2027-09-17
$54.00
10/2/2026, 11:14:48 PM
Selected expiration: 2026-10-16 at max pain $44.00.
GOLD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
1121800
1121800
29
0
766800
766800
30
0
696200
696200
34
0
415000
415000
35
700
356600
357300
39
6300
165000
171300
40
12200
140600
152800
44
41400
61000
102400
45
58700
46900
105600
49
138300
6100
144400
50
209000
1300
210300
54
1011400
100
1011500
55
1247400
0
1247400
59
2260600
0
2260600
60
2524300
0
2524300
64
3621500
0
3621500
65
3896000
0
3896000
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.