This page reflects MSI 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 — MSI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $440.00 (7.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$440.00
Nearest expiry
Expected Move
±$14.40
±3.2%
Days to Expiry
14
Calendar days
Total Call OI
3,179
Nearest expiry
Total Put OI
1,839
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$447.41
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
$420.00
8/21/2026, 11:17:24 PM
2026-09-18
$470.00
9/18/2026, 11:23:03 PM
2026-10-16NextUpdated
$440.00
10/2/2026, 11:19:10 PM
2026-11-20
$480.00
10/2/2026, 11:19:10 PM
2026-12-18
$460.00
10/2/2026, 11:19:10 PM
2027-01-15
$410.00
10/2/2026, 11:19:10 PM
2027-04-16
$410.00
10/2/2026, 11:19:10 PM
Selected expiration: 2026-10-16 at max pain $440.00.
MSI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
280
0
24511000
24511000
290
0
22672000
22672000
300
0
20833000
20833000
310
17000
19003000
19020000
320
34000
17174000
17208000
330
51000
15345000
15396000
340
70000
13536000
13606000
350
89000
11727000
11816000
360
126000
10037000
10163000
370
194000
8491000
8685000
380
265000
6965000
7230000
390
351000
5672000
6023000
400
437000
4499000
4936000
410
574000
3422000
3996000
420
760000
2464000
3224000
430
1098000
1562000
2660000
440
1661000
830000
2491000
450
2349000
370000
2719000
460
3152000
145000
3297000
470
4286000
35000
4321000
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.