This page reflects IRON 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 — IRON
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (0.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$11.70
±18.1%
Days to Expiry
14
Calendar days
Total Call OI
3,720
Nearest expiry
Total Put OI
1,899
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$64.51
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
$75.00
8/21/2026, 11:14:24 PM
2026-09-18
$65.00
9/18/2026, 11:18:09 PM
2026-10-16NextUpdated
$65.00
10/2/2026, 11:17:59 PM
2026-11-20
$75.00
10/2/2026, 11:17:59 PM
2026-12-18
$75.00
10/2/2026, 11:17:59 PM
2027-01-15
$80.00
10/2/2026, 11:17:59 PM
2027-03-19
$80.00
10/2/2026, 11:17:59 PM
Selected expiration: 2026-10-16 at max pain $65.00.
IRON pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
6858000
6858000
40
0
4851000
4851000
45
0
3848500
3848500
50
500
2846000
2846500
55
1500
1894500
1896000
60
2500
947000
949500
65
3500
0
3500
70
4500
0
4500
75
731000
0
731000
80
2265000
0
2265000
85
4115000
0
4115000
90
5966500
0
5966500
95
7824000
0
7824000
100
9682500
0
9682500
110
13399500
0
13399500
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.