This page reflects MGA 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 — MGA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $67.50 (2.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$67.50
Nearest expiry
Expected Move
±$2.92
±4.5%
Days to Expiry
14
Calendar days
Total Call OI
549
Nearest expiry
Total Put OI
239
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$64.57
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
$67.50
8/21/2026, 11:20:45 PM
2026-09-18
$65.00
9/18/2026, 11:23:22 PM
2026-10-16NextUpdated
$67.50
10/2/2026, 11:20:38 PM
2026-11-20
$67.50
10/2/2026, 11:20:38 PM
2026-12-18
$62.50
10/2/2026, 11:20:38 PM
2027-01-15
$55.00
10/2/2026, 11:20:38 PM
2027-03-19
$65.00
10/2/2026, 11:20:38 PM
2027-05-21
$60.00
10/2/2026, 11:20:38 PM
Selected expiration: 2026-10-16 at max pain $67.50.
MGA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
411000
411000
50
500
351250
351750
55
1500
232750
234250
57.5
2250
177000
179250
60
3000
121500
124500
62.5
7750
78750
86500
65
15250
43500
58750
67.5
31500
14000
45500
70
114250
6000
120250
72.5
215250
0
215250
75
329750
0
329750
77.5
462000
0
462000
80
596750
0
596750
85
869250
0
869250
95
1416250
0
1416250
100
1690250
0
1690250
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.