This page reflects KOD 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 — KOD
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (49.45 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$24.60
±26.1%
Days to Expiry
14
Calendar days
Total Call OI
19,258
Nearest expiry
Total Put OI
32,567
Nearest expiry
P/C OI Ratio
1.69
Put-heavy
Spot Price
$94.45
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
$40.00
8/21/2026, 11:18:43 PM
2026-09-18
$35.00
9/18/2026, 11:21:22 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:17:26 PM
2026-11-20
$31.00
10/2/2026, 11:17:26 PM
2026-12-18
$32.00
10/2/2026, 11:17:26 PM
2027-01-15
$30.00
10/2/2026, 11:17:26 PM
2027-03-19
$32.00
10/2/2026, 11:17:26 PM
Selected expiration: 2026-10-16 at max pain $45.00.
KOD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
50399900
50399900
20
0
38398400
38398400
22
14800
33672800
33687600
23
22200
31326900
31349100
24
29600
29002900
29032500
25
37800
26703400
26741200
26
46500
24817600
24864100
27
55200
22940000
22995200
28
63900
21083600
21147500
29
73200
19236800
19310000
30
82500
17396300
17478800
31
93800
16100900
16194700
32
119800
14812100
14931900
33
164800
13539100
13703900
34
310000
12279900
12589900
35
458400
11023000
11481400
36
706700
10067000
10773700
37
1009000
9112300
10121300
38
1323600
8160800
9484400
39
1646400
7218600
8865000
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.