This page reflects LI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — LI
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-09 shows max pain at $11.50 (0.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.50
Nearest expiry
Expected Move
±$0.49
±4.5%
Days to Expiry
4
Calendar days
Total Call OI
2,311
Nearest expiry
Total Put OI
18,033
Nearest expiry
P/C OI Ratio
7.80
Put-heavy
Spot Price
$10.85
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
$12.00
9/25/2026, 11:17:42 PM
2026-10-02
$11.50
10/2/2026, 11:18:16 PM
2026-10-09NextUpdated
$11.50
10/5/2026, 11:19:35 PM
2026-10-16
$11.00
10/5/2026, 11:19:35 PM
2026-10-23
$11.00
10/5/2026, 11:19:35 PM
2026-10-30
$12.00
10/5/2026, 11:19:35 PM
2026-11-06
$11.00
10/5/2026, 11:19:35 PM
2026-11-13
$11.00
10/5/2026, 11:19:35 PM
2026-11-20
$11.00
10/5/2026, 11:19:35 PM
2026-12-18
$13.00
10/5/2026, 11:19:35 PM
2027-01-15
$16.00
10/5/2026, 11:19:35 PM
2027-03-19
$12.00
10/5/2026, 11:19:35 PM
Selected expiration: 2026-10-09 at max pain $11.50.
LI pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
7
0
6500400
6500400
7.5
300
5598750
5599050
8
800
4697100
4697900
8.5
1400
3795450
3796850
9
2150
2893800
2895950
9.5
3150
1992200
1995350
10
4250
1091350
1095600
10.5
6650
191600
198250
11
20150
75600
95750
11.5
37950
16250
54200
12
72250
1250
73500
12.5
116050
350
116400
13
161850
250
162100
13.5
219250
150
219400
14
307150
50
307200
14.5
415400
0
415400
15
525750
0
525750
15.5
638350
0
638350
16
753850
0
753850
18
1215850
0
1215850
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.