thetaOwl

ICE

Intercontinental Exchange Inc.Close $150.15EOD only
Max Pain
$155.00
Next expiry Oct 9, 2026
Expected Move
±$4.53
3.0% from close
Price Gap
+4.85
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.62
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects ICE 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 — ICE
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $155.00 (4.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$4.53
±3.0%
Days to Expiry
7
Calendar days
Total Call OI
1,173
Nearest expiry
Total Put OI
442
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$150.15
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$157.509/25/2026, 11:15:34 PM
2026-10-02Updated$155.0010/2/2026, 11:14:07 PM
2026-10-09Next$155.0010/2/2026, 11:14:07 PM
2026-10-16$155.0010/2/2026, 11:14:07 PM
2026-10-23$160.0010/2/2026, 11:14:07 PM
2026-10-30$152.5010/2/2026, 11:14:07 PM
2026-11-20$155.0010/2/2026, 11:14:07 PM
2026-12-18$140.0010/2/2026, 11:14:07 PM
2027-01-15$150.0010/2/2026, 11:14:07 PM
2027-03-19$155.0010/2/2026, 11:14:07 PM
2027-06-17$145.0010/2/2026, 11:14:07 PM
2027-09-17$140.0010/2/2026, 11:14:07 PM
Selected expiration: 2026-10-09 at max pain $155.00.
ICE pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
130011832501183250
1350714750714750
1390344350344350
1400301650301650
1410266550266550
1426100231750237850
14318300197250215550
14430500163450193950
14542700129750172450
1465490096550151450
1476710072950140050
1487930055650134950
1499150039050130550
15010370024250127950
152.513595010500146450
1551682002750170950
157.5328700250328950
1604987000498700
162.56699500669950
165108445001084450
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.