This page reflects IMO 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 — IMO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $140.00 (14.32 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$6.68
±5.3%
Days to Expiry
14
Calendar days
Total Call OI
180
Nearest expiry
Total Put OI
100
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$125.68
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
$115.00
8/21/2026, 11:18:27 PM
2026-09-18
$135.00
9/18/2026, 11:17:38 PM
2026-10-16NextUpdated
$140.00
10/2/2026, 11:16:38 PM
2026-11-20
$130.00
10/2/2026, 11:16:38 PM
2027-02-19
$120.00
10/2/2026, 11:16:38 PM
2027-05-21
$115.00
10/2/2026, 11:16:38 PM
Selected expiration: 2026-10-16 at max pain $140.00.
IMO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
281000
281000
120
1500
134000
135500
125
4500
92000
96500
130
20500
55000
75500
135
59000
27000
86000
140
101500
0
101500
145
180000
0
180000
150
263000
0
263000
155
348500
0
348500
175
706500
0
706500
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.