This page reflects IVR 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 — IVR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $6.00 (0.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.40
±7.0%
Days to Expiry
14
Calendar days
Total Call OI
2,066
Nearest expiry
Total Put OI
573
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$5.71
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
$8.00
8/21/2026, 11:18:20 PM
2026-09-18
$7.00
9/18/2026, 11:19:27 PM
2026-10-16NextUpdated
$6.00
10/2/2026, 11:17:29 PM
2026-11-20
$7.00
10/2/2026, 11:17:29 PM
2027-01-15
$7.00
10/2/2026, 11:17:29 PM
2027-04-16
$7.00
10/2/2026, 11:17:29 PM
Selected expiration: 2026-10-16 at max pain $6.00.
IVR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
285700
285700
2
0
229200
229200
3
0
173400
173400
4
0
128600
128600
5
0
83900
83900
6
400
40200
40600
7
38200
23500
61700
8
80500
13600
94100
9
198400
9500
207900
10
384000
6200
390200
11
587300
3100
590400
12
791800
0
791800
13
997200
0
997200
14
1202600
0
1202600
15
1408500
0
1408500
16
1614500
0
1614500
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.