This page reflects MHO 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 — MHO
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $130.00 (2.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$5.35
±4.0%
Days to Expiry
11
Calendar days
Total Call OI
650
Nearest expiry
Total Put OI
28
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$132.00
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
$150.00
8/21/2026, 11:23:07 PM
2026-09-18
$150.00
9/18/2026, 11:21:39 PM
2026-10-16NextUpdated
$130.00
10/5/2026, 11:18:26 PM
2026-11-20
$130.00
10/5/2026, 11:18:26 PM
2027-01-15
$125.00
10/5/2026, 11:18:26 PM
2027-04-16
$125.00
10/5/2026, 11:18:26 PM
2027-05-21
$130.00
10/5/2026, 11:18:26 PM
2027-06-17
$130.00
10/5/2026, 11:18:26 PM
Selected expiration: 2026-10-16 at max pain $130.00.
MHO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
95500
95500
85
0
83000
83000
90
0
70500
70500
95
500
58000
58500
100
1000
46000
47000
105
1500
34500
36000
110
2000
23000
25000
115
2500
18500
21000
120
3000
15000
18000
125
4500
11500
16000
130
6500
9000
15500
135
11000
6500
17500
140
93000
5000
98000
145
179000
4500
183500
150
363500
4000
367500
155
571000
3500
574500
160
784500
3000
787500
165
1084000
2500
1086500
175
1696000
1500
1697500
180
2009000
1000
2010000
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.