Nearest listed expiration 2026-10-09 shows max pain at $980.00 (105.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$980.00
Nearest expiry
Expected Move
±$78.75
±7.3%
Days to Expiry
7
Calendar days
Total Call OI
7,846
Nearest expiry
Total Put OI
9,678
Nearest expiry
P/C OI Ratio
1.23
Put-heavy
Spot Price
$1085.42
Published close
Consensus
4.0/10
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
$932.50
9/25/2026, 11:19:29 PM
2026-10-02Updated
$980.00
10/2/2026, 11:19:01 PM
2026-10-09Next
$980.00
10/2/2026, 11:19:01 PM
2026-10-16
$940.00
10/2/2026, 11:19:01 PM
2026-10-23
$960.00
10/2/2026, 11:19:01 PM
2026-10-30
$980.00
10/2/2026, 11:19:01 PM
2026-11-06
$915.00
10/2/2026, 11:19:01 PM
2026-11-20
$900.00
10/2/2026, 11:19:01 PM
2026-12-18
$850.00
10/2/2026, 11:19:01 PM
2027-01-15
$800.00
10/2/2026, 11:19:01 PM
2027-02-19
$850.00
10/2/2026, 11:19:01 PM
2027-03-19
$800.00
10/2/2026, 11:19:01 PM
2027-04-16
$760.00
10/2/2026, 11:19:01 PM
2027-06-17
$1000.00
10/2/2026, 11:19:01 PM
2027-07-16
$740.00
10/2/2026, 11:19:01 PM
Selected expiration: 2026-10-09 at max pain $980.00.
LITE pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
465
0
386366500
386366500
470
3500
381527500
381531000
480
12500
371849500
371862000
485
18500
367010500
367029000
490
24500
362173000
362197500
495
31000
357335500
357366500
505
46000
347660500
347706500
520
68500
333175000
333243500
530
84500
323518000
323602500
540
101500
313865000
313966500
560
139500
294559000
294698500
565
149000
289742500
289891500
575
168000
280132500
280300500
580
177500
275338000
275515500
585
187000
270547000
270734000
590
196500
265774500
265971000
595
206500
261004000
261210500
600
216500
256245500
256462000
605
226500
251515000
251741500
610
236500
246789500
247026000
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.