This page reflects MTN 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 — MTN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $145.00 (3.84 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$8.15
±5.8%
Days to Expiry
14
Calendar days
Total Call OI
4,530
Nearest expiry
Total Put OI
7,879
Nearest expiry
P/C OI Ratio
1.74
Put-heavy
Spot Price
$141.16
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
$145.00
8/21/2026, 11:22:36 PM
2026-09-18
$140.00
9/18/2026, 11:22:19 PM
2026-10-16NextUpdated
$145.00
10/2/2026, 11:17:59 PM
2026-11-20
$135.00
10/2/2026, 11:17:59 PM
2027-01-15
$145.00
10/2/2026, 11:17:59 PM
2027-04-16
$135.00
10/2/2026, 11:17:59 PM
Selected expiration: 2026-10-16 at max pain $145.00.
MTN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
52145000
52145000
70
0
48206000
48206000
75
0
44270500
44270500
80
0
40335000
40335000
85
0
36399500
36399500
90
0
32468500
32468500
95
0
28547000
28547000
100
0
24655500
24655500
105
13000
20819000
20832000
110
26000
17028000
17054000
115
39000
13299000
13338000
120
52500
9698000
9750500
125
89000
6253000
6342000
130
145000
4351000
4496000
135
212000
2605500
2817500
140
479500
1215500
1695000
145
1114000
56000
1170000
150
1900500
16000
1916500
155
3833000
12000
3845000
160
5879500
8500
5888000
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.