Max Pain — MIAX
Data as of market close Apr 2, 2026
MIAX Max Pain Data
- Max Pain Strike
- $40.00
- Expected Move
- ±$3.25 (±8.1%)
- Days to Expiry
- 15
- Total Call OI
- 3,527
- Total Put OI
- 2,179
- Put/Call OI Ratio
- 0.62
- Spot Price
- $40.17
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $40.00 | 4/3/2026, 1:04:01 AM |
| 2026-05-15 | $35.00 | 4/3/2026, 1:04:01 AM |
| 2026-07-17 | $40.00 | 4/3/2026, 1:04:01 AM |
| 2026-10-16 | $45.00 | 4/3/2026, 1:04:01 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 20 | 0 | 3950500 | 3950500 |
| 22.5 | 750 | 3405750 | 3406500 |
| 25 | 1750 | 2863000 | 2864750 |
| 30 | 17250 | 1792000 | 1809250 |
| 35 | 49250 | 801000 | 850250 |
| 40 | 154250 | 50000 | 204250 |
| 45 | 828250 | 2500 | 830750 |
| 50 | 2132250 | 500 | 2132750 |
| 55 | 3524750 | 0 | 3524750 |
| 60 | 4979250 | 0 | 4979250 |
| 65 | 6489750 | 0 | 6489750 |
View max pain levels for MIAX options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.