This page reflects KEYS 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 — KEYS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $320.00 (64.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$20.65
±5.4%
Days to Expiry
14
Calendar days
Total Call OI
5,014
Nearest expiry
Total Put OI
2,798
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$384.64
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
$320.00
8/21/2026, 11:19:34 PM
2026-09-18
$310.00
9/18/2026, 11:20:23 PM
2026-10-16NextUpdated
$320.00
10/2/2026, 11:19:18 PM
2026-11-20
$330.00
10/2/2026, 11:19:18 PM
2026-12-18
$320.00
10/2/2026, 11:19:18 PM
2027-02-19
$340.00
10/2/2026, 11:19:18 PM
2027-05-21
$250.00
10/2/2026, 11:19:18 PM
Selected expiration: 2026-10-16 at max pain $320.00.
KEYS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
41543000
41543000
160
2000
40144000
40146000
165
5000
38745000
38750000
170
9000
37346000
37355000
175
13500
35947000
35960500
180
19000
34549000
34568000
185
25500
33151500
33177000
190
32000
31754000
31786000
195
38500
30356500
30395000
200
45000
28962000
29007000
210
65000
26175000
26240000
220
113000
23396000
23509000
230
167000
20617000
20784000
240
225000
17839000
18064000
250
286000
15088000
15374000
260
419000
12344000
12763000
270
564000
9782000
10346000
280
709000
7260000
7969000
290
946000
4882000
5828000
300
1188000
3922000
5110000
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.