This page reflects KMX 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 — KMX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $55.00 (0.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$3.38
±6.2%
Days to Expiry
14
Calendar days
Total Call OI
19,817
Nearest expiry
Total Put OI
13,450
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$54.92
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
$57.50
8/21/2026, 11:16:50 PM
2026-09-18
$52.50
9/18/2026, 11:18:56 PM
2026-10-16NextUpdated
$55.00
10/2/2026, 11:20:01 PM
2026-11-20
$60.00
10/2/2026, 11:20:01 PM
2026-12-18
$60.00
10/2/2026, 11:20:01 PM
2027-01-15
$42.50
10/2/2026, 11:20:01 PM
2027-04-16
$62.50
10/2/2026, 11:20:01 PM
Selected expiration: 2026-10-16 at max pain $55.00.
KMX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
37633000
37633000
22.5
0
34275750
34275750
25
0
30923250
30923250
27.5
0
27628000
27628000
30
0
24343500
24343500
32.5
0
21132000
21132000
35
0
17944500
17944500
37.5
1250
14881000
14882250
40
8250
11847000
11855250
42.5
18500
8947000
8965500
45
96750
6484500
6581250
47.5
260500
4173250
4433750
50
446500
2620000
3066500
52.5
738750
1504750
2243500
55
1060500
539250
1599750
57.5
1472750
261750
1734500
60
2293000
118000
2411000
62.5
3430500
39000
3469500
65
5383500
5000
5388500
67.5
7548250
2500
7550750
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.