This page reflects MAT 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 — MAT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $14.00 (1.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$1.52
±10.0%
Days to Expiry
14
Calendar days
Total Call OI
29,219
Nearest expiry
Total Put OI
8,355
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$15.27
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
$14.00
8/21/2026, 11:21:31 PM
2026-09-18
$14.00
9/18/2026, 11:20:38 PM
2026-10-16NextUpdated
$14.00
10/2/2026, 11:17:45 PM
2026-11-20
$13.00
10/2/2026, 11:17:45 PM
2026-12-18
$12.00
10/2/2026, 11:17:45 PM
2027-01-15
$13.00
10/2/2026, 11:17:45 PM
2027-03-19
$15.00
10/2/2026, 11:17:45 PM
2027-04-16
$15.00
10/2/2026, 11:17:45 PM
Selected expiration: 2026-10-16 at max pain $14.00.
MAT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
4945200
4945200
9
200
4109700
4109900
10
1600
3274200
3275800
11
7500
2440900
2448400
12
15200
1611700
1626900
13
49500
818500
868000
14
263700
88900
352600
15
570700
19900
590600
16
1119200
4500
1123700
17
2493400
2500
2495900
18
4717600
1300
4718900
19
7558500
300
7558800
20
10424800
0
10424800
21
13315400
0
13315400
22
16218700
0
16218700
23
19130000
0
19130000
24
22041800
0
22041800
25
24960800
0
24960800
30
39567300
0
39567300
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.