This page reflects MOD 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 — MOD
Data as of market close Oct 2, 2026
Nearest listed expiration 2027-03-19 shows max pain at $185.00 (6.80 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$13.25
±7.4%
Days to Expiry
168
Calendar days
Total Call OI
450
Nearest expiry
Total Put OI
500
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$178.20
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2027-03-19
Expiration
Max Pain Strike
Last Updated
2026-08-21
$195.00
8/21/2026, 11:23:08 PM
2026-09-18
$185.00
9/18/2026, 11:21:47 PM
2026-10-16NextUpdated
$185.00
10/2/2026, 11:21:34 PM
2026-11-20
$190.00
10/2/2026, 11:21:34 PM
2027-01-15
$195.00
10/2/2026, 11:21:34 PM
2027-02-19
$230.00
10/2/2026, 11:21:34 PM
2027-03-19
$185.00
10/2/2026, 11:21:34 PM
2027-05-21
$130.00
10/2/2026, 11:21:34 PM
2027-06-17
$200.00
10/2/2026, 11:21:34 PM
2027-09-17
$260.00
10/2/2026, 11:21:34 PM
Selected expiration: 2027-03-19 at max pain $185.00.
MOD pain by strike for 2027-03-19 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
3873500
3873500
100
0
3624000
3624000
105
0
3376000
3376000
110
0
3132000
3132000
120
0
2653000
2653000
125
0
2416000
2416000
135
0
1947000
1947000
140
0
1713500
1713500
145
0
1483500
1483500
150
0
1254000
1254000
160
100000
803000
903000
165
152500
577500
730000
170
205000
452000
657000
175
258000
337000
595000
180
313500
222500
536000
185
370000
108000
478000
190
444000
93500
537500
195
521500
82500
604000
200
599500
72000
671500
210
758500
52000
810500
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.