This page reflects IRDM 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 — IRDM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (8.96 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
±$2.40
±4.9%
Days to Expiry
14
Calendar days
Total Call OI
5,707
Nearest expiry
Total Put OI
1,904
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$48.96
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
$50.00
8/21/2026, 11:18:50 PM
2026-09-18
$45.00
9/18/2026, 11:18:27 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:19:11 PM
2026-11-20
$45.00
10/2/2026, 11:19:11 PM
2027-01-15
$45.00
10/2/2026, 11:19:11 PM
2027-04-16
$45.00
10/2/2026, 11:19:11 PM
Selected expiration: 2026-10-16 at max pain $40.00.
IRDM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
5143750
5143750
15
1000
4667750
4668750
17.5
2500
4200250
4202750
20
7250
3738000
3745250
22.5
24250
3296750
3321000
25
43000
2855500
2898500
30
122000
2106500
2228500
35
230000
1357500
1587500
40
507000
671500
1178500
45
1060500
270500
1331000
50
1929500
69000
1998500
55
3571500
40000
3611500
60
5784000
20000
5804000
65
8143000
0
8143000
70
10685500
0
10685500
75
13353500
0
13353500
80
16202000
0
16202000
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.