This page reflects KGS 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 — KGS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $60.00 (5.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$2.85
±5.3%
Days to Expiry
14
Calendar days
Total Call OI
2,379
Nearest expiry
Total Put OI
5,031
Nearest expiry
P/C OI Ratio
2.11
Put-heavy
Spot Price
$54.33
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
$65.00
8/21/2026, 11:16:53 PM
2026-09-18
$60.00
9/18/2026, 11:19:51 PM
2026-10-16NextUpdated
$60.00
10/2/2026, 11:16:18 PM
2026-11-20
$57.50
10/2/2026, 11:16:18 PM
2027-01-15
$47.50
10/2/2026, 11:16:18 PM
2027-04-16
$45.00
10/2/2026, 11:16:18 PM
Selected expiration: 2026-10-16 at max pain $60.00.
KGS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
11442250
11442250
40
0
7681000
7681000
42.5
0
6431000
6431000
45
1000
5181000
5182000
47.5
2000
3931000
3933000
50
3000
2689500
2692500
52.5
11250
1472000
1483250
55
20000
648500
668500
57.5
32500
341750
374250
60
47000
43000
90000
62.5
122250
20500
142750
65
345000
0
345000
67.5
604000
0
604000
70
865000
0
865000
72.5
1147750
0
1147750
75
1558750
0
1558750
77.5
1976750
0
1976750
80
2394750
0
2394750
82.5
2837250
0
2837250
85
3279750
0
3279750
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.