Nearest listed expiration 2026-10-05 shows max pain at $280.00 (1.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$2.22
±0.8%
Days to Expiry
3
Calendar days
Total Call OI
55,557
Nearest expiry
Total Put OI
28,644
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$281.52
Published close
Consensus
5.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-05
Expiration
Max Pain Strike
Last Updated
2026-10-01
$280.00
10/1/2026, 11:20:27 PM
2026-10-02Updated
$281.00
10/2/2026, 11:18:59 PM
2026-10-05Next
$280.00
10/2/2026, 11:18:59 PM
2026-10-06
$280.00
10/2/2026, 11:18:59 PM
2026-10-07
$280.00
10/2/2026, 11:18:59 PM
2026-10-08
$280.00
10/2/2026, 11:18:59 PM
2026-10-09
$281.00
10/2/2026, 11:18:59 PM
2026-10-16
$286.00
10/2/2026, 11:18:59 PM
2026-10-23
$282.00
10/2/2026, 11:18:59 PM
2026-10-30
$285.00
10/2/2026, 11:18:59 PM
2026-11-06
$281.00
10/2/2026, 11:18:59 PM
2026-11-20
$288.00
10/2/2026, 11:18:59 PM
2026-12-18
$275.00
10/2/2026, 11:18:59 PM
2026-12-31
$295.00
10/2/2026, 11:18:59 PM
2027-01-15
$290.00
10/2/2026, 11:18:59 PM
2027-02-19
$300.00
10/2/2026, 11:18:59 PM
2027-03-19
$290.00
10/2/2026, 11:18:59 PM
2027-03-31
$285.00
10/2/2026, 11:18:59 PM
2027-04-16
$295.00
10/2/2026, 11:18:59 PM
2027-05-21
$285.00
10/2/2026, 11:18:59 PM
2027-06-17
$290.00
10/2/2026, 11:18:59 PM
2027-06-30
$310.00
10/2/2026, 11:18:59 PM
2027-09-17
$300.00
10/2/2026, 11:18:59 PM
Selected expiration: 2026-10-05 at max pain $280.00.
IWM pain by strike for 2026-10-05 expiration
Strike
Call Pain
Put Pain
Total Pain
235
0
107023900
107023900
240
0
92702900
92702900
250
0
64083900
64083900
255
0
49817900
49817900
260
0
35587900
35587900
261
0
32795000
32795000
262
0
30070600
30070600
263
0
27389200
27389200
264
0
24850200
24850200
265
0
22399400
22399400
266
0
20077500
20077500
267
0
17988200
17988200
268
0
15929300
15929300
269
2300
13946900
13949200
270
4600
11999700
12004300
271
9800
10249000
10258800
272
21200
8563600
8584800
273
37200
6994200
7031400
274
56200
5558300
5614500
275
83400
4210900
4294300
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.