This page reflects MUX 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 — MUX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $19.00 (1.26 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$1.52
±8.6%
Days to Expiry
14
Calendar days
Total Call OI
4,448
Nearest expiry
Total Put OI
1,162
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$17.74
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
$17.00
8/21/2026, 11:22:07 PM
2026-09-18
$18.00
9/18/2026, 11:23:34 PM
2026-10-16NextUpdated
$19.00
10/2/2026, 11:19:32 PM
2026-11-20
$26.00
10/2/2026, 11:19:32 PM
2027-01-15
$20.00
10/2/2026, 11:19:32 PM
2027-02-19
$28.00
10/2/2026, 11:19:32 PM
2027-05-21
$20.00
10/2/2026, 11:19:32 PM
2027-08-20
$20.00
10/2/2026, 11:19:32 PM
Selected expiration: 2026-10-16 at max pain $19.00.
MUX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
945200
945200
12
100
829000
829100
13
300
712800
713100
14
700
596600
597300
15
2700
480500
483200
16
5600
365700
371300
17
8800
257000
265800
18
19800
160800
180600
19
37600
76200
113800
20
209600
4500
214100
21
564900
300
565200
22
933200
0
933200
23
1316100
0
1316100
24
1750800
0
1750800
25
2189500
0
2189500
26
2633900
0
2633900
27
3078300
0
3078300
28
3523100
0
3523100
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.