This page reflects MCO 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 — MCO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $470.00 (28.64 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$470.00
Nearest expiry
Expected Move
±$8.30
±1.9%
Days to Expiry
14
Calendar days
Total Call OI
2,760
Nearest expiry
Total Put OI
2,689
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$441.36
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
$480.00
8/21/2026, 11:22:43 PM
2026-09-18
$480.00
9/18/2026, 11:19:58 PM
2026-10-16NextUpdated
$470.00
10/2/2026, 11:19:44 PM
2026-11-20
$470.00
10/2/2026, 11:19:44 PM
2027-01-15
$480.00
10/2/2026, 11:19:44 PM
2027-02-19
$470.00
10/2/2026, 11:19:44 PM
2027-05-21
$470.00
10/2/2026, 11:19:44 PM
Selected expiration: 2026-10-16 at max pain $470.00.
MCO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
350
0
25996000
25996000
360
0
23310000
23310000
370
0
20625000
20625000
380
0
17943000
17943000
390
0
15262000
15262000
400
2000
12585000
12587000
410
4000
9914000
9918000
420
6000
7262000
7268000
430
9000
4637000
4646000
440
12000
2062000
2074000
450
15000
611000
626000
460
21000
349000
370000
470
37000
169000
206000
480
151000
72000
223000
490
1373000
5000
1378000
500
3653000
1000
3654000
510
5963000
0
5963000
520
8364000
0
8364000
530
10953000
0
10953000
540
13563000
0
13563000
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.