Nearest listed expiration 2026-10-09 shows max pain at $180.00 (26.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$11.15
±5.4%
Days to Expiry
7
Calendar days
Total Call OI
7,620
Nearest expiry
Total Put OI
3,749
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$206.89
Published close
Consensus
7.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$172.50
9/25/2026, 11:19:08 PM
2026-10-02Updated
$180.00
10/2/2026, 11:19:37 PM
2026-10-09Next
$180.00
10/2/2026, 11:19:37 PM
2026-10-16
$180.00
10/2/2026, 11:19:37 PM
2026-10-23
$185.00
10/2/2026, 11:19:37 PM
2026-10-30
$190.00
10/2/2026, 11:19:37 PM
2026-11-06
$190.00
10/2/2026, 11:19:37 PM
2026-11-20
$224.00
10/2/2026, 11:19:37 PM
2026-12-18
$185.00
10/2/2026, 11:19:37 PM
2027-01-15
$185.00
10/2/2026, 11:19:37 PM
2027-03-19
$200.00
10/2/2026, 11:19:37 PM
2027-06-17
$206.00
10/2/2026, 11:19:37 PM
2027-09-17
$185.00
10/2/2026, 11:19:37 PM
Selected expiration: 2026-10-09 at max pain $180.00.
KLAC pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
20814750
20814750
120
0
18940750
18940750
125
0
17068750
17068750
130
0
15198250
15198250
135
0
13328250
13328250
140
1500
11462750
11464250
145
3000
9599750
9602750
150
4500
8076750
8081250
155
8000
6599750
6607750
157.5
9750
5882750
5892500
160
11500
5166250
5177750
162.5
13250
4461000
4474250
165
15000
3767000
3782000
167.5
19750
3135500
3155250
170
25000
2506250
2531250
172.5
179750
2004000
2183750
175
335250
1507500
1842750
177.5
508250
1057750
1566000
180
682000
620750
1302750
182.5
881500
486500
1368000
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.