This page reflects LIF 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 — LIF
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (1.90 above 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
±$3.48
±8.1%
Days to Expiry
14
Calendar days
Total Call OI
565
Nearest expiry
Total Put OI
861
Nearest expiry
P/C OI Ratio
1.52
Put-heavy
Spot Price
$43.10
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
$45.00
8/21/2026, 11:20:43 PM
2026-09-18
$40.00
9/18/2026, 11:19:00 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:19:38 PM
2026-11-20
$40.00
10/2/2026, 11:19:38 PM
2026-12-18
$45.00
10/2/2026, 11:19:38 PM
2027-01-15
$40.00
10/2/2026, 11:19:38 PM
2027-04-16
$40.00
10/2/2026, 11:19:38 PM
Selected expiration: 2026-10-16 at max pain $45.00.
LIF pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1974500
1974500
22.5
0
1759250
1759250
25
0
1544000
1544000
30
0
1113500
1113500
35
0
705500
705500
40
5500
408500
414000
45
19000
257500
276500
50
183000
128500
311500
55
376500
500
377000
60
621000
0
621000
65
886000
0
886000
70
1161500
0
1161500
75
1441500
0
1441500
80
1723000
0
1723000
85
2005500
0
2005500
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.