This page reflects MFA 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 — MFA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $10.00 (2.35 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.78
±10.1%
Days to Expiry
14
Calendar days
Total Call OI
1,839
Nearest expiry
Total Put OI
2,784
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$7.65
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
$9.00
8/21/2026, 11:20:56 PM
2026-09-18
$9.00
9/18/2026, 11:21:36 PM
2026-10-16NextUpdated
$10.00
10/2/2026, 11:20:41 PM
2026-11-20
$1.00
10/2/2026, 11:20:41 PM
2027-01-15
$10.00
10/2/2026, 11:20:41 PM
2027-04-16
$12.00
10/2/2026, 11:20:41 PM
Selected expiration: 2026-10-16 at max pain $10.00.
MFA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
2325900
2325900
3
0
2047500
2047500
4
0
1769100
1769100
5
0
1490700
1490700
6
0
1212300
1212300
7
0
933900
933900
8
0
656000
656000
9
29900
399500
429400
10
79300
233000
312300
11
199700
118000
317700
12
373200
6200
379400
13
557100
5000
562100
14
741000
4000
745000
15
924900
3100
928000
16
1108800
2400
1111200
17
1292700
1800
1294500
20
1844400
0
1844400
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.