thetaOwl

MT

Arcelor Mittal NY Registry SharClose $64.51EOD only
Max Pain
$73.00
Next expiry Oct 9, 2026
Expected Move
±$1.83
2.8% from close
Price Gap
+8.49
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.89
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects MT 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 — MT
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $73.00 (8.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$73.00
Nearest expiry
Expected Move
±$1.83
±2.8%
Days to Expiry
7
Calendar days
Total Call OI
125
Nearest expiry
Total Put OI
136
Nearest expiry
P/C OI Ratio
1.09
Put-heavy
Spot Price
$64.51
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$73.009/25/2026, 11:22:14 PM
2026-10-02Updated$69.0010/2/2026, 11:23:24 PM
2026-10-09Next$73.0010/2/2026, 11:23:24 PM
2026-10-16$74.0010/2/2026, 11:23:24 PM
2026-10-23$75.0010/2/2026, 11:23:24 PM
2026-10-30$72.0010/2/2026, 11:23:24 PM
2026-11-20$70.0010/2/2026, 11:23:24 PM
2026-12-18$75.0010/2/2026, 11:23:24 PM
2027-01-15$40.0010/2/2026, 11:23:24 PM
2027-03-19$70.0010/2/2026, 11:23:24 PM
Selected expiration: 2026-10-09 at max pain $73.00.
MT pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
400299500299500
450232000232000
500165500165500
5509950099500
5608750087500
5707650076500
6004650046500
611003730037400
622002940029600
633002300023300
644001670017100
6518001150013300
665000790012900
679900570015600
6814900380018700
6919900290022800
7025600210027700
7131300140032700
723740090038300
734350060044100
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.