This page reflects MESO 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 — MESO
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $15.00 (0.78 above 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
±$3.32
±23.4%
Days to Expiry
11
Calendar days
Total Call OI
2,312
Nearest expiry
Total Put OI
2,057
Nearest expiry
P/C OI Ratio
0.89
Put-heavy
Spot Price
$14.22
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
$16.00
8/21/2026, 11:23:14 PM
2026-09-18
$14.00
9/18/2026, 11:22:49 PM
2026-10-16NextUpdated
$15.00
10/5/2026, 11:20:23 PM
2026-11-20
$16.00
10/5/2026, 11:20:23 PM
2027-01-15
$10.00
10/5/2026, 11:20:23 PM
2027-04-16
$16.00
10/5/2026, 11:20:23 PM
Selected expiration: 2026-10-16 at max pain $15.00.
MESO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
2390200
2390200
10
0
950300
950300
12
40000
538900
578900
13
60000
333300
393300
14
80300
128200
208500
15
112800
76400
189200
16
165500
38200
203700
17
248400
32600
281000
18
367400
30000
397400
19
512400
27500
539900
20
727900
25000
752900
30
3038900
0
3038900
35
4194400
0
4194400
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.