This page reflects MBX 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 — MBX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (8.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$7.27
±12.4%
Days to Expiry
14
Calendar days
Total Call OI
1,491
Nearest expiry
Total Put OI
82
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$58.51
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
$60.00
8/21/2026, 11:23:03 PM
2026-09-18
$65.00
9/18/2026, 11:23:25 PM
2026-10-16NextUpdated
$50.00
10/2/2026, 11:21:44 PM
2026-11-20
$55.00
10/2/2026, 11:21:44 PM
2026-12-18
$60.00
10/2/2026, 11:21:44 PM
2027-01-15
$30.00
10/2/2026, 11:21:44 PM
2027-04-16
$60.00
10/2/2026, 11:21:44 PM
Selected expiration: 2026-10-16 at max pain $50.00.
MBX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
247000
247000
25
0
226500
226500
30
500
185500
186000
35
1500
149500
151000
40
2500
113500
116000
45
6000
82500
88500
50
10000
55500
65500
55
221500
34500
256000
60
438500
16500
455000
65
724500
12000
736500
70
1057500
8500
1066000
75
1655500
5000
1660500
80
2257500
1500
2259000
85
2863000
1000
2864000
90
3605000
500
3605500
95
4348500
0
4348500
100
5094000
0
5094000
105
5839500
0
5839500
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.