This page reflects KWR 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 — KWR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $165.00 (4.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$7.40
±4.6%
Days to Expiry
14
Calendar days
Total Call OI
80
Nearest expiry
Total Put OI
223
Nearest expiry
P/C OI Ratio
2.79
Put-heavy
Spot Price
$160.73
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
$160.00
8/21/2026, 11:20:09 PM
2026-09-18
$160.00
9/18/2026, 11:21:51 PM
2026-10-16NextUpdated
$165.00
10/2/2026, 11:19:14 PM
2026-11-20
$150.00
10/2/2026, 11:19:14 PM
2027-01-15
$155.00
10/2/2026, 11:19:14 PM
2027-04-16
$125.00
10/2/2026, 11:19:14 PM
Selected expiration: 2026-10-16 at max pain $165.00.
KWR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
1236500
1236500
100
0
1125000
1125000
120
0
689000
689000
130
0
471000
471000
135
0
363000
363000
140
0
255500
255500
145
0
148500
148500
150
0
44500
44500
155
1000
26000
27000
160
3500
12500
16000
165
11000
3000
14000
170
33000
0
33000
175
61500
0
61500
180
95500
0
95500
185
135000
0
135000
190
174500
0
174500
195
214000
0
214000
200
254000
0
254000
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.