Nearest listed expiration 2026-10-09 shows max pain at $150.00 (10.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$10.05
±6.3%
Days to Expiry
7
Calendar days
Total Call OI
62,847
Nearest expiry
Total Put OI
73,833
Nearest expiry
P/C OI Ratio
1.17
Put-heavy
Spot Price
$160.01
Published close
Consensus
6.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$142.00
9/25/2026, 11:19:56 PM
2026-10-02Updated
$152.50
10/2/2026, 11:22:36 PM
2026-10-09Next
$150.00
10/2/2026, 11:22:36 PM
2026-10-16
$125.00
10/2/2026, 11:22:36 PM
2026-10-23
$160.00
10/2/2026, 11:22:36 PM
2026-10-30
$160.00
10/2/2026, 11:22:36 PM
2026-11-06
$160.00
10/2/2026, 11:22:36 PM
2026-11-20
$135.00
10/2/2026, 11:22:36 PM
2026-12-18
$160.00
10/2/2026, 11:22:36 PM
2027-01-15
$150.00
10/2/2026, 11:22:36 PM
2027-03-19
$145.00
10/2/2026, 11:22:36 PM
2027-04-16
$140.00
10/2/2026, 11:22:36 PM
2027-06-17
$135.00
10/2/2026, 11:22:36 PM
2027-09-17
$145.00
10/2/2026, 11:22:36 PM
Selected expiration: 2026-10-09 at max pain $150.00.
MSTR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
651797200
651797200
35
14500
614898200
614912700
40
29500
578281200
578310700
45
44500
541681700
541726200
50
59500
505094700
505154200
55
74500
468612200
468686700
60
89500
432232700
432322200
65
105000
396391200
396496200
70
122000
361335200
361457200
75
139000
327132700
327271700
80
159000
293310700
293469700
85
184000
260571700
260755700
90
209500
230298200
230507700
95
240000
202064200
202304200
100
279000
176051200
176330200
105
734500
151950200
152684700
109
1150900
133071400
134222300
110
1258700
128380200
129638900
111
1395400
123997900
125393300
112
1536600
119628600
121165200
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.