This page reflects MEI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — MEI
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $15.00 (0.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.50
±9.7%
Days to Expiry
11
Calendar days
Total Call OI
5,247
Nearest expiry
Total Put OI
1,436
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$15.40
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
$15.00
8/21/2026, 11:20:25 PM
2026-09-18
$15.00
9/18/2026, 11:19:28 PM
2026-10-16NextUpdated
$15.00
10/5/2026, 11:20:05 PM
2026-11-20
$12.50
10/5/2026, 11:20:05 PM
2027-01-15
$15.00
10/5/2026, 11:20:05 PM
2027-04-16
$12.50
10/5/2026, 11:20:05 PM
Selected expiration: 2026-10-16 at max pain $15.00.
MEI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1729500
1729500
5
6500
1370500
1377000
7.5
39250
1011500
1050750
10
170000
661250
831250
12.5
350750
325750
676500
15
551750
37500
589250
17.5
1054250
7250
1061500
20
2247750
3000
2250750
22.5
3516750
2250
3519000
25
4803250
1500
4804750
30
7378750
0
7378750
35
10000750
0
10000750
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.