This page reflects MPT 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 — MPT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $4.50 (1.23 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.50
Nearest expiry
Expected Move
±$0.25
±7.7%
Days to Expiry
7
Calendar days
Total Call OI
1,277
Nearest expiry
Total Put OI
4,749
Nearest expiry
P/C OI Ratio
3.72
Put-heavy
Spot Price
$3.27
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$3.50
9/25/2026, 11:21:32 PM
2026-10-02Updated
$3.50
10/2/2026, 11:20:05 PM
2026-10-09Next
$4.50
10/2/2026, 11:20:05 PM
2026-10-16
$4.00
10/2/2026, 11:20:05 PM
2026-10-23
$3.50
10/2/2026, 11:20:05 PM
2026-10-30
$1.50
10/2/2026, 11:20:05 PM
2026-11-06
$3.50
10/2/2026, 11:20:05 PM
2026-11-20
$3.50
10/2/2026, 11:20:05 PM
2027-01-15
$5.00
10/2/2026, 11:20:05 PM
2027-03-19
$5.50
10/2/2026, 11:20:05 PM
2027-04-16
$5.00
10/2/2026, 11:20:05 PM
2027-06-17
$4.00
10/2/2026, 11:20:05 PM
2027-09-17
$4.00
10/2/2026, 11:20:05 PM
Selected expiration: 2026-10-09 at max pain $4.50.
MPT pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1856350
1856350
1
1500
1605000
1606500
1.5
4150
1353700
1357850
2
6900
1102450
1109350
2.5
9700
851200
860900
3
12500
615200
627700
3.5
15650
382050
397700
4
39050
188950
228000
4.5
97950
1600
99550
5
164650
850
165500
5.5
231350
550
231900
6.5
364750
150
364900
7
431450
50
431500
7.5
498150
0
498150
8
564850
0
564850
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.