This page reflects MMSI 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 — MMSI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $70.00 (15.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$1.50
±1.8%
Days to Expiry
14
Calendar days
Total Call OI
72
Nearest expiry
Total Put OI
42
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$85.37
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
$85.00
8/21/2026, 11:18:29 PM
2026-09-18
$85.00
9/18/2026, 11:22:46 PM
2026-10-16NextUpdated
$70.00
10/2/2026, 11:20:06 PM
2026-12-18
$80.00
10/2/2026, 11:20:06 PM
2027-01-15
$75.00
10/2/2026, 11:20:06 PM
2027-04-16
$80.00
10/2/2026, 11:20:06 PM
Selected expiration: 2026-10-16 at max pain $70.00.
MMSI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
47000
47000
60
500
26500
27000
65
1000
16000
17000
70
3000
10000
13000
75
7500
6000
13500
80
12000
2500
14500
85
41500
500
42000
90
71000
0
71000
95
103000
0
103000
100
137500
0
137500
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.