This page reflects IPGP 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 — IPGP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $85.00 (0.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$6.97
±8.3%
Days to Expiry
14
Calendar days
Total Call OI
537
Nearest expiry
Total Put OI
310
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$84.05
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
$80.00
8/21/2026, 11:17:58 PM
2026-09-18
$75.00
9/18/2026, 11:18:24 PM
2026-10-16NextUpdated
$85.00
10/2/2026, 11:16:47 PM
2026-11-20
$95.00
10/2/2026, 11:16:47 PM
2027-01-15
$85.00
10/2/2026, 11:16:47 PM
2027-04-16
$70.00
10/2/2026, 11:16:47 PM
Selected expiration: 2026-10-16 at max pain $85.00.
IPGP pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
1251000
1251000
55
0
941000
941000
60
0
787000
787000
65
3500
640000
643500
70
9000
516500
525500
75
27000
403500
430500
80
50500
299500
350000
85
104000
204000
308000
90
167500
144500
312000
95
248000
95000
343000
100
387000
48500
435500
105
532500
9500
542000
110
685500
3000
688500
115
838500
1500
840000
120
997000
0
997000
125
1169500
0
1169500
130
1363000
0
1363000
135
1563000
0
1563000
140
1771000
0
1771000
145
1985500
0
1985500
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.