Nearest listed expiration 2026-10-09 shows max pain at $915.00 (12.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$915.00
Nearest expiry
Expected Move
±$27.40
±3.0%
Days to Expiry
7
Calendar days
Total Call OI
9,033
Nearest expiry
Total Put OI
9,208
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$902.56
Published close
Consensus
4.0/10
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
$940.00
9/25/2026, 11:14:23 PM
2026-10-02Updated
$910.00
10/2/2026, 11:17:01 PM
2026-10-09Next
$915.00
10/2/2026, 11:17:01 PM
2026-10-16
$955.00
10/2/2026, 11:17:01 PM
2026-10-23
$960.00
10/2/2026, 11:17:01 PM
2026-10-30
$940.00
10/2/2026, 11:17:01 PM
2026-11-06
$930.00
10/2/2026, 11:17:01 PM
2026-11-20
$965.00
10/2/2026, 11:17:01 PM
2026-12-18
$860.00
10/2/2026, 11:17:01 PM
2027-01-15
$890.00
10/2/2026, 11:17:01 PM
2027-03-19
$995.00
10/2/2026, 11:17:01 PM
2027-04-16
$980.00
10/2/2026, 11:17:01 PM
2027-06-17
$910.00
10/2/2026, 11:17:01 PM
2027-08-20
$1030.00
10/2/2026, 11:17:01 PM
2027-09-17
$920.00
10/2/2026, 11:17:01 PM
Selected expiration: 2026-10-09 at max pain $915.00.
GS pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
540
0
292538000
292538000
550
0
283333000
283333000
560
6000
274133000
274139000
570
18000
264940000
264958000
580
30000
255754000
255784000
590
42000
246587000
246629000
600
56000
237443000
237499000
610
70000
228315000
228385000
620
84000
219209000
219293000
630
98000
210120000
210218000
640
112000
201046000
201158000
645
119000
196520000
196639000
650
126000
192020000
192146000
655
133000
187555000
187688000
660
140000
183100500
183240500
665
147000
178656500
178803500
670
154000
174217000
174371000
675
161000
169782000
169943000
680
168500
165367000
165535500
685
176000
160961500
161137500
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.