This page reflects MCD 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 — MCD
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $235.00 (3.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$235.00
Nearest expiry
Expected Move
±$4.87
±2.1%
Days to Expiry
7
Calendar days
Total Call OI
8,408
Nearest expiry
Total Put OI
2,881
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$231.89
Published close
Consensus
-
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
$240.00
9/25/2026, 11:18:57 PM
2026-10-02Updated
$232.50
10/2/2026, 11:21:39 PM
2026-10-09Next
$235.00
10/2/2026, 11:21:39 PM
2026-10-16
$242.50
10/2/2026, 11:21:39 PM
2026-10-23
$240.00
10/2/2026, 11:21:39 PM
2026-10-30
$240.00
10/2/2026, 11:21:39 PM
2026-11-06
$240.00
10/2/2026, 11:21:39 PM
2026-11-20
$250.00
10/2/2026, 11:21:39 PM
2026-12-18
$250.00
10/2/2026, 11:21:39 PM
2027-01-15
$260.00
10/2/2026, 11:21:39 PM
2027-03-19
$255.00
10/2/2026, 11:21:39 PM
2027-06-17
$270.00
10/2/2026, 11:21:39 PM
2027-09-17
$240.00
10/2/2026, 11:21:39 PM
Selected expiration: 2026-10-09 at max pain $235.00.
MCD pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
16754500
16754500
180
0
13884500
13884500
185
8500
12464500
12473000
190
26500
11056500
11083000
195
57500
9662000
9719500
200
101000
8283000
8384000
205
155500
6921000
7076500
210
218000
5572000
5790000
215
288500
4236500
4525000
220
363000
2958500
3321500
222.5
417250
2354750
2772000
225
472500
1770500
2243000
227.5
536750
1288000
1824750
230
604750
847000
1451750
232.5
716750
514250
1231000
235
914000
276750
1190750
237.5
1262750
135500
1398250
240
1839000
42500
1881500
242.5
2605000
13500
2618500
245
3481250
4000
3485250
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.