This page reflects LII 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 — LII
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $380.00 (23.70 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$380.00
Nearest expiry
Expected Move
±$17.20
±4.8%
Days to Expiry
14
Calendar days
Total Call OI
234
Nearest expiry
Total Put OI
186
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$356.30
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
$410.00
8/21/2026, 11:20:43 PM
2026-09-18
$370.00
9/18/2026, 11:21:35 PM
2026-10-16NextUpdated
$380.00
10/2/2026, 11:16:55 PM
2026-11-20
$390.00
10/2/2026, 11:16:55 PM
2026-12-18
$410.00
10/2/2026, 11:16:55 PM
2027-03-19
$400.00
10/2/2026, 11:16:55 PM
2027-05-21
$370.00
10/2/2026, 11:16:55 PM
Selected expiration: 2026-10-16 at max pain $380.00.
LII pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
1074000
1074000
310
0
889000
889000
320
0
706000
706000
330
0
534000
534000
340
1000
373000
374000
350
11000
255000
266000
360
21000
150000
171000
370
43000
83000
126000
380
67000
25000
92000
390
114000
5000
119000
400
174000
0
174000
410
248000
0
248000
420
323000
0
323000
430
523000
0
523000
440
732000
0
732000
450
952000
0
952000
460
1173000
0
1173000
490
1869000
0
1869000
500
2102000
0
2102000
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.