This page reflects MGM 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 — MGM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $37.00 (6.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.00
Nearest expiry
Expected Move
±$1.70
±5.6%
Days to Expiry
14
Calendar days
Total Call OI
66,924
Nearest expiry
Total Put OI
23,771
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$30.48
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
2026-09-04
$42.00
9/4/2026, 11:23:13 PM
2026-09-18
$41.00
9/18/2026, 11:22:04 PM
2026-10-16NextUpdated
$37.00
10/2/2026, 11:20:24 PM
2026-11-20
$33.00
10/2/2026, 11:20:24 PM
2026-12-18
$39.00
10/2/2026, 11:20:24 PM
2027-01-15
$35.00
10/2/2026, 11:20:24 PM
2027-03-19
$35.00
10/2/2026, 11:20:24 PM
2027-06-17
$45.00
10/2/2026, 11:20:24 PM
2027-09-17
$38.00
10/2/2026, 11:20:24 PM
Selected expiration: 2026-10-16 at max pain $37.00.
MGM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
26739800
26739800
26
2100
24363700
24365800
27
4600
21988900
21993500
28
7200
19617700
19624900
29
11100
17256200
17267300
30
26100
14961700
14987800
31
164300
12870100
13034400
32
324300
11038000
11362300
33
574100
9349500
9923600
34
1166600
7693200
8859800
35
1857700
6269800
8127500
36
2775800
4879900
7655700
37
3698500
3818700
7517200
38
4683500
2893600
7577100
39
5774000
2174900
7948900
40
6996400
1520800
8517200
41
10768400
975100
11743500
42
14811200
450000
15261200
43
19308100
0
19308100
44
24230700
0
24230700
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.