This page reflects MSCI 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 — MSCI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $550.00 (14.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$550.00
Nearest expiry
Expected Move
±$21.40
±4.0%
Days to Expiry
14
Calendar days
Total Call OI
2,462
Nearest expiry
Total Put OI
1,427
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$535.95
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
$570.00
8/21/2026, 11:19:22 PM
2026-09-18
$560.00
9/18/2026, 11:22:27 PM
2026-10-16NextUpdated
$550.00
10/2/2026, 11:20:14 PM
2026-11-20
$530.00
10/2/2026, 11:20:14 PM
2026-12-18
$570.00
10/2/2026, 11:20:14 PM
2027-03-19
$540.00
10/2/2026, 11:20:14 PM
Selected expiration: 2026-10-16 at max pain $550.00.
MSCI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
360
0
23086000
23086000
400
0
17382000
17382000
410
0
15958000
15958000
420
0
14535000
14535000
430
0
13132000
13132000
440
0
11729000
11729000
450
0
10341000
10341000
460
0
8993000
8993000
470
0
7664000
7664000
480
0
6387000
6387000
490
0
5121000
5121000
500
0
3886000
3886000
510
0
2721000
2721000
520
1000
1761000
1762000
530
2000
1051000
1053000
540
5000
734000
739000
550
77000
467000
544000
560
1518000
288000
1806000
570
3211000
138000
3349000
580
4945000
75000
5020000
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.