This page reflects MXL 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 — MXL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $70.00 (35.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$15.60
±14.7%
Days to Expiry
14
Calendar days
Total Call OI
8,388
Nearest expiry
Total Put OI
5,584
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$105.93
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
$60.00
8/21/2026, 11:23:51 PM
2026-09-18
$65.00
9/18/2026, 11:22:36 PM
2026-10-16NextUpdated
$70.00
10/2/2026, 11:20:56 PM
2026-11-20
$70.00
10/2/2026, 11:20:56 PM
2026-12-18
$75.00
10/2/2026, 11:20:56 PM
2027-01-15
$90.00
10/2/2026, 11:20:56 PM
2027-03-19
$65.00
10/2/2026, 11:20:56 PM
2027-06-17
$80.00
10/2/2026, 11:20:56 PM
Selected expiration: 2026-10-16 at max pain $70.00.
MXL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
17792000
17792000
40
500
15013500
15014000
45
1500
12271000
12272500
50
3500
9710500
9714000
55
17500
7357500
7375000
60
732000
5539500
6271500
65
1454000
3969000
5423000
70
2238500
2837500
5076000
75
3190500
1889000
5079500
80
4250000
1133000
5383000
85
5542500
519500
6062000
90
6968500
171500
7140000
95
8853500
78500
8932000
100
11623000
30500
11653500
105
14771500
20000
14791500
110
18029500
10000
18039500
115
21466500
0
21466500
120
25309500
0
25309500
125
29175500
0
29175500
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.