This page reflects MKSI 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 — MKSI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $240.00 (39.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$21.35
±7.7%
Days to Expiry
14
Calendar days
Total Call OI
5,925
Nearest expiry
Total Put OI
2,991
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$279.15
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
$300.00
8/21/2026, 11:22:50 PM
2026-09-18
$260.00
9/18/2026, 11:22:32 PM
2026-10-16NextUpdated
$240.00
10/2/2026, 11:20:45 PM
2026-11-20
$240.00
10/2/2026, 11:20:45 PM
2026-12-18
$270.00
10/2/2026, 11:20:45 PM
2027-01-15
$260.00
10/2/2026, 11:20:45 PM
2027-02-19
$250.00
10/2/2026, 11:20:45 PM
2027-04-16
$240.00
10/2/2026, 11:20:45 PM
2027-05-21
$220.00
10/2/2026, 11:20:45 PM
2027-08-20
$190.00
10/2/2026, 11:20:45 PM
Selected expiration: 2026-10-16 at max pain $240.00.
MKSI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
39548000
39548000
115
3000
38055500
38058500
120
6000
36563500
36569500
125
12500
35071500
35084000
130
20000
33579500
33599500
135
28500
32089000
32117500
140
40000
30599000
30639000
145
53500
29109000
29162500
150
67500
27619000
27686500
155
81500
26131000
26212500
160
95500
24643500
24739000
165
110000
23160500
23270500
170
124500
21677500
21802000
175
139000
20194500
20333500
180
156500
18714000
18870500
185
174500
17235500
17410000
190
192500
15760000
15952500
195
210500
14289500
14500000
200
230500
12852000
13082500
210
332500
10587000
10919500
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.