This page reflects JBTM 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 — JBTM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $110.00 (1.40 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$5.67
±5.2%
Days to Expiry
14
Calendar days
Total Call OI
937
Nearest expiry
Total Put OI
35
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$108.60
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
$125.00
8/21/2026, 11:15:52 PM
2026-09-18
$115.00
9/18/2026, 11:16:39 PM
2026-10-16NextUpdated
$110.00
10/2/2026, 11:18:45 PM
2026-12-18
$120.00
10/2/2026, 11:18:45 PM
2027-01-15
$120.00
10/2/2026, 11:18:45 PM
2027-04-16
$140.00
10/2/2026, 11:18:45 PM
Selected expiration: 2026-10-16 at max pain $110.00.
JBTM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
140000
140000
75
500
123500
124000
80
1000
107500
108500
95
2500
65500
68000
105
3500
41500
45000
110
4000
30500
34500
115
104000
20000
124000
120
208000
15000
223000
125
542500
10000
552500
130
993000
5000
998000
135
1443500
0
1443500
140
1894000
0
1894000
150
2796000
0
2796000
155
3252000
0
3252000
160
3714000
0
3714000
170
4641000
0
4641000
175
5106000
0
5106000
180
5573000
0
5573000
195
6974000
0
6974000
200
7441500
0
7441500
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.