This page reflects KAI 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 — KAI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $290.00 (21.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$290.00
Nearest expiry
Expected Move
±$7.20
±2.7%
Days to Expiry
14
Calendar days
Total Call OI
46
Nearest expiry
Total Put OI
28
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$268.83
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
$310.00
8/21/2026, 11:19:28 PM
2026-09-18
$270.00
9/18/2026, 11:19:17 PM
2026-10-16NextUpdated
$290.00
10/2/2026, 11:17:35 PM
2027-01-15
$320.00
10/2/2026, 11:17:35 PM
2027-04-16
$250.00
10/2/2026, 11:17:35 PM
Selected expiration: 2026-10-16 at max pain $290.00.
KAI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
258000
258000
185
1000
230000
231000
220
8000
132000
140000
230
11000
105000
116000
240
15000
86000
101000
250
21000
68000
89000
260
29000
51000
80000
270
38000
34000
72000
280
49000
20000
69000
290
60000
9000
69000
300
72000
4000
76000
310
86000
0
86000
320
102000
0
102000
330
139000
0
139000
340
176000
0
176000
350
213000
0
213000
360
252000
0
252000
380
330000
0
330000
390
370000
0
370000
450
628000
0
628000
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.