This page reflects KMI 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 — KMI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $30.00 (1.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$0.75
±2.4%
Days to Expiry
7
Calendar days
Total Call OI
4,823
Nearest expiry
Total Put OI
627
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$31.07
Published close
Consensus
-
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
$31.50
9/25/2026, 11:17:40 PM
2026-10-02Updated
$31.00
10/2/2026, 11:19:03 PM
2026-10-09Next
$30.00
10/2/2026, 11:19:03 PM
2026-10-16
$31.00
10/2/2026, 11:19:03 PM
2026-10-23
$31.00
10/2/2026, 11:19:03 PM
2026-10-30
$32.00
10/2/2026, 11:19:03 PM
2026-11-06
$30.00
10/2/2026, 11:19:03 PM
2026-11-20
$30.00
10/2/2026, 11:19:03 PM
2026-12-18
$31.00
10/2/2026, 11:19:03 PM
2027-01-15
$30.00
10/2/2026, 11:19:03 PM
2027-03-19
$32.00
10/2/2026, 11:19:03 PM
2027-06-17
$32.00
10/2/2026, 11:19:03 PM
2027-09-17
$32.00
10/2/2026, 11:19:03 PM
Selected expiration: 2026-10-09 at max pain $30.00.
KMI pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
608650
608650
23
0
421450
421450
26
300
234250
234550
27
400
172450
172850
28
500
117750
118250
28.5
550
90550
91100
29
600
64050
64650
29.5
6450
42750
49200
30
17750
23300
41050
30.5
31450
15450
46900
31
49100
8800
57900
31.5
80950
4950
85900
32
119100
1350
120450
32.5
168650
100
168750
33
218450
0
218450
33.5
416950
0
416950
34
616850
0
616850
35
1095350
0
1095350
36
1576150
0
1576150
37
2057150
0
2057150
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.