This page reflects J 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 — J
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $135.00 (3.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$6.03
±4.4%
Days to Expiry
14
Calendar days
Total Call OI
1,286
Nearest expiry
Total Put OI
284
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$138.06
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
$140.00
8/21/2026, 11:18:12 PM
2026-09-18
$140.00
9/18/2026, 11:18:31 PM
2026-10-16NextUpdated
$135.00
10/2/2026, 11:14:38 PM
2026-11-20
$140.00
10/2/2026, 11:14:38 PM
2026-12-18
$120.00
10/2/2026, 11:14:38 PM
2027-01-15
$140.00
10/2/2026, 11:14:38 PM
2027-04-16
$145.00
10/2/2026, 11:14:38 PM
Selected expiration: 2026-10-16 at max pain $135.00.
J pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
1872500
1872500
80
0
1431500
1431500
85
500
1284500
1285000
90
1000
1142500
1143500
95
1500
1008500
1010000
100
2000
879500
881500
105
6000
755500
761500
110
17000
636500
653500
115
28000
523500
551500
120
51500
415500
467000
125
75000
313500
388500
130
111500
216000
327500
135
160500
126500
287000
140
254500
62500
317000
145
371500
24000
395500
150
720500
0
720500
155
1270500
0
1270500
160
1855000
0
1855000
165
2471000
0
2471000
170
3088000
0
3088000
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.