Nearest listed expiration 2026-10-05 shows max pain at $510.00 (7.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$510.00
Nearest expiry
Expected Move
±$6.08
±1.2%
Days to Expiry
3
Calendar days
Total Call OI
9,117
Nearest expiry
Total Put OI
9,532
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$517.53
Published close
Consensus
8.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-05
Expiration
Max Pain Strike
Last Updated
2026-09-30
$505.00
9/30/2026, 11:18:21 PM
2026-10-02Updated
$505.00
10/2/2026, 11:23:21 PM
2026-10-05Next
$510.00
10/2/2026, 11:23:21 PM
2026-10-07
$512.50
10/2/2026, 11:23:21 PM
2026-10-09
$505.00
10/2/2026, 11:23:21 PM
2026-10-16
$472.50
10/2/2026, 11:23:21 PM
2026-10-23
$500.00
10/2/2026, 11:23:21 PM
2026-10-30
$490.00
10/2/2026, 11:23:21 PM
2026-11-06
$510.00
10/2/2026, 11:23:21 PM
2026-11-20
$450.00
10/2/2026, 11:23:21 PM
2026-12-18
$435.00
10/2/2026, 11:23:21 PM
2027-01-15
$445.00
10/2/2026, 11:23:21 PM
2027-03-19
$450.00
10/2/2026, 11:23:21 PM
2027-04-16
$500.00
10/2/2026, 11:23:21 PM
2027-06-17
$430.00
10/2/2026, 11:23:21 PM
2027-09-17
$450.00
10/2/2026, 11:23:21 PM
Selected expiration: 2026-10-05 at max pain $510.00.
MSFT pain by strike for 2026-10-05 expiration
Strike
Call Pain
Put Pain
Total Pain
420
0
74063000
74063000
430
67000
64538000
64605000
435
111000
59781500
59892500
445
250000
50268500
50518500
450
319500
45534000
45853500
455
389000
40807500
41196500
457.5
424250
38450000
38874250
460
459500
36096250
36555750
462.5
507000
33749500
34256500
465
554500
31408750
31963250
467.5
602250
29075500
29677750
470
650000
26752750
27402750
472.5
699250
24440750
25140000
475
759000
22142000
22901000
477.5
821500
19927000
20748500
480
898750
17720250
18619000
482.5
994250
15621500
16615750
485
1091750
13581500
14673250
487.5
1197500
11601500
12799000
490
1305250
9651250
10956500
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.