This page reflects ING 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 — ING
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $34.00 (0.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$1.55
±4.5%
Days to Expiry
14
Calendar days
Total Call OI
4,065
Nearest expiry
Total Put OI
4,129
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$34.78
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
$35.00
8/21/2026, 11:18:17 PM
2026-09-18
$35.00
9/18/2026, 11:18:07 PM
2026-10-16NextUpdated
$34.00
10/2/2026, 11:17:50 PM
2026-11-20
$37.00
10/2/2026, 11:17:50 PM
2027-01-15
$36.00
10/2/2026, 11:17:50 PM
2027-04-16
$38.00
10/2/2026, 11:17:50 PM
2027-05-21
$35.00
10/2/2026, 11:17:50 PM
Selected expiration: 2026-10-16 at max pain $34.00.
ING pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
6373600
6373600
18
0
5135500
5135500
19
0
4724600
4724600
20
0
4339400
4339400
21
0
3966000
3966000
22
0
3592800
3592800
23
0
3219600
3219600
24
0
2872200
2872200
25
0
2530900
2530900
26
0
2217000
2217000
27
0
1903100
1903100
28
0
1589200
1589200
29
0
1275300
1275300
30
0
991600
991600
31
10400
713800
724200
32
35100
446000
481100
33
83100
223200
306300
34
180500
111300
291800
35
356700
10400
367100
36
678200
1900
680100
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.