This page reflects MRSH 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 — MRSH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $180.00 (9.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$7.72
±4.5%
Days to Expiry
14
Calendar days
Total Call OI
4,209
Nearest expiry
Total Put OI
4,184
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$170.06
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
$185.00
8/21/2026, 11:22:48 PM
2026-09-18
$185.00
9/18/2026, 11:23:49 PM
2026-10-16NextUpdated
$180.00
10/2/2026, 11:22:56 PM
2026-11-20
$170.00
10/2/2026, 11:22:56 PM
2027-01-15
$175.00
10/2/2026, 11:22:56 PM
2027-03-19
$180.00
10/2/2026, 11:22:56 PM
2027-04-16
$185.00
10/2/2026, 11:22:56 PM
Selected expiration: 2026-10-16 at max pain $180.00.
MRSH pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
26506500
26506500
105
0
24415500
24415500
110
0
22325000
22325000
115
500
20235500
20236000
120
1000
18147000
18148000
125
1500
16060500
16062000
130
2000
13974000
13976000
135
2500
11890500
11893000
140
3000
9810000
9813000
145
3500
7844500
7848000
150
6000
5906500
5912500
155
8500
4030000
4038500
160
11000
2844500
2855500
165
16000
1808000
1824000
170
28000
1012500
1040500
175
75500
530500
606000
180
164000
260500
424500
185
583000
27500
610500
190
1262500
1000
1263500
195
2193500
0
2193500
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.