This page reflects INSW 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 — INSW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $105.00 (10.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$7.57
±6.5%
Days to Expiry
14
Calendar days
Total Call OI
14,421
Nearest expiry
Total Put OI
1,173
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$115.81
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
$90.00
8/21/2026, 11:13:23 PM
2026-09-18
$105.00
9/18/2026, 11:18:23 PM
2026-10-16NextUpdated
$105.00
10/2/2026, 11:17:55 PM
2026-11-20
$105.00
10/2/2026, 11:17:55 PM
2026-12-18
$95.00
10/2/2026, 11:17:55 PM
2027-03-19
$90.00
10/2/2026, 11:17:55 PM
Selected expiration: 2026-10-16 at max pain $105.00.
INSW pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
3277500
3277500
75
0
2679000
2679000
80
0
2131000
2131000
85
0
1586500
1586500
90
500
1055500
1056000
95
2000
613000
615000
100
5000
313000
318000
105
46500
130000
176500
110
165500
41000
206500
115
5437000
23500
5460500
120
11935500
16500
11952000
125
18789000
11000
18800000
130
25647500
5500
25653000
135
32512500
0
32512500
140
39652500
0
39652500
145
46794000
0
46794000
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.