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MS

Morgan StanleyClose $190.31EOD only
Max Pain
$190.00
Next expiry Oct 9, 2026
Expected Move
±$6.06
3.2% from close
Price Gap
-0.31
Distance to max pain
IV Rank
2
Low premium
P/C OI
1.35
Slightly put-heavy
Consensus
3/4
Partial coverage
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects MS 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 — MS
Data as of market close Oct 2, 2026
Open Available Reports (3/4)

Nearest listed expiration 2026-10-09 shows max pain at $190.00 (0.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$6.06
±3.2%
Days to Expiry
7
Calendar days
Total Call OI
6,650
Nearest expiry
Total Put OI
5,192
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$190.31
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$200.009/25/2026, 11:18:56 PM
2026-10-02Updated$190.0010/2/2026, 11:19:01 PM
2026-10-09Next$190.0010/2/2026, 11:19:01 PM
2026-10-16$200.0010/2/2026, 11:19:01 PM
2026-10-23$200.0010/2/2026, 11:19:01 PM
2026-10-30$200.0010/2/2026, 11:19:01 PM
2026-11-06$195.0010/2/2026, 11:19:01 PM
2026-11-20$200.0010/2/2026, 11:19:01 PM
2026-12-18$185.0010/2/2026, 11:19:01 PM
2027-01-15$180.0010/2/2026, 11:19:01 PM
2027-03-19$200.0010/2/2026, 11:19:01 PM
2027-04-16$210.0010/2/2026, 11:19:01 PM
2027-06-17$210.0010/2/2026, 11:19:01 PM
2027-09-17$210.0010/2/2026, 11:19:01 PM
Selected expiration: 2026-10-09 at max pain $190.00.
MS pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
11503692850036928500
12003434300034343000
16501107800011078000
170550084930008498500
1751350060640006077500
177.53075048915004922250
1804800037322503780250
182.56900026760002745000
1859000016587501748750
187.511100010270001138000
190376750451750828500
192.5703250289250992500
19511950001750001370000
197.52015000997502114750
2002886250405002926750
202.53953000115003964500
20550370005005037500
207.562272502506227500
210744325007443250
212.5873625008736250
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.