This page reflects IOT 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 — IOT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $40.00 (1.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.65
±6.4%
Days to Expiry
7
Calendar days
Total Call OI
696
Nearest expiry
Total Put OI
983
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$41.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$39.00
9/25/2026, 11:17:32 PM
2026-10-02Updated
$38.00
10/2/2026, 11:15:08 PM
2026-10-09Next
$40.00
10/2/2026, 11:15:08 PM
2026-10-16
$38.00
10/2/2026, 11:15:08 PM
2026-10-23
$39.00
10/2/2026, 11:15:08 PM
2026-10-30
$40.00
10/2/2026, 11:15:08 PM
2026-11-20
$39.00
10/2/2026, 11:15:08 PM
2026-12-18
$36.00
10/2/2026, 11:15:08 PM
2027-01-15
$35.00
10/2/2026, 11:15:08 PM
2027-04-16
$41.00
10/2/2026, 11:15:08 PM
Selected expiration: 2026-10-09 at max pain $40.00.
IOT pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
1249650
1249650
30
5000
759150
764150
31
6100
661650
667750
32
7200
564550
571750
33
8300
468250
476550
33.5
8850
420750
429600
34
9400
373500
382900
35
10500
281800
292300
35.5
11150
237550
248700
36
11800
194200
206000
36.5
12450
151200
163650
37
13100
109350
122450
37.5
14250
80150
94400
38
15600
51600
67200
38.5
17450
30850
48300
39
19450
14850
34300
39.5
24700
8050
32750
40
30850
1300
32150
41
57750
600
58350
42
90350
100
90450
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.