Miami International Holdings, IClose $33.01EOD only
Max Pain
$40.00
Next expiry Oct 16, 2026
Expected Move
±$2.70
8.2% from close
Price Gap
+6.99
Distance to max pain
IV Rank
22
Low premium
P/C OI
0.64
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects MIAX 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 — MIAX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (6.99 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.70
±8.2%
Days to Expiry
14
Calendar days
Total Call OI
3,369
Nearest expiry
Total Put OI
851
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$33.01
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
$40.00
8/21/2026, 11:22:13 PM
2026-09-18
$35.00
9/18/2026, 11:20:48 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:22:07 PM
2026-11-20
$35.00
10/2/2026, 11:22:07 PM
2026-12-18
$40.00
10/2/2026, 11:22:07 PM
2027-01-15
$50.00
10/2/2026, 11:22:07 PM
2027-04-16
$40.00
10/2/2026, 11:22:07 PM
2027-06-17
$40.00
10/2/2026, 11:22:07 PM
Selected expiration: 2026-10-16 at max pain $40.00.
MIAX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1688750
1688750
22.5
0
1476000
1476000
30
0
838500
838500
35
5000
424000
429000
40
54000
115500
169500
45
251500
20000
271500
50
1483000
12000
1495000
55
2979000
6000
2985000
60
4475000
0
4475000
65
6159500
0
6159500
70
7844000
0
7844000
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.