This page reflects METC 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 — METC
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $11.00 (3.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.82
±10.3%
Days to Expiry
11
Calendar days
Total Call OI
3,776
Nearest expiry
Total Put OI
3,589
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$7.99
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
$10.00
8/21/2026, 11:23:21 PM
2026-09-18
$11.00
9/18/2026, 11:20:56 PM
2026-10-16NextUpdated
$11.00
10/5/2026, 11:22:09 PM
2026-11-20
$10.00
10/5/2026, 11:22:09 PM
2026-12-18
$12.00
10/5/2026, 11:22:09 PM
2027-01-15
$15.00
10/5/2026, 11:22:09 PM
2027-03-19
$11.00
10/5/2026, 11:22:09 PM
Selected expiration: 2026-10-16 at max pain $11.00.
METC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1749400
1749400
6
0
1390700
1390700
7
0
1032200
1032200
8
400
711900
712300
9
7000
445400
452400
10
72100
283100
355200
11
188500
162800
351300
12
333800
75600
409400
13
517500
31900
549400
14
768200
500
768700
15
1031200
400
1031600
16
1332300
300
1332600
17
1675000
200
1675200
18
2024500
100
2024600
19
2385200
0
2385200
20
2758500
0
2758500
21
3133000
0
3133000
22
3510100
0
3510100
23
3887300
0
3887300
24
4264600
0
4264600
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.