This page reflects IMKTA 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 — IMKTA
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-11-20 shows max pain at $80.00 (6.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$4.15
±4.8%
Days to Expiry
46
Calendar days
Total Call OI
206
Nearest expiry
Total Put OI
25
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$86.51
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-11-20
Expiration
Max Pain Strike
Last Updated
2026-08-21
$70.00
8/21/2026, 11:18:14 PM
2026-09-18
$85.00
9/18/2026, 11:17:39 PM
2026-11-20NextUpdated
$80.00
10/5/2026, 11:16:43 PM
2027-02-19
$85.00
10/5/2026, 11:16:43 PM
Selected expiration: 2026-11-20 at max pain $80.00.
IMKTA pain by strike for 2026-11-20 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
52500
52500
60
0
40000
40000
65
0
28000
28000
70
0
20000
20000
75
3000
12000
15000
80
6500
4000
10500
85
10000
3000
13000
90
16000
2000
18000
95
111000
1000
112000
100
206000
500
206500
105
303500
0
303500
110
401500
0
401500
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.