This page reflects NDAQ 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 — NDAQ
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $94.00 (3.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$94.00
Nearest expiry
Expected Move
±$2.58
±2.9%
Days to Expiry
7
Calendar days
Total Call OI
433
Nearest expiry
Total Put OI
303
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$90.33
Published close
Consensus
-
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
$93.00
9/25/2026, 11:20:52 PM
2026-10-02Updated
$92.00
10/2/2026, 11:19:44 PM
2026-10-09Next
$94.00
10/2/2026, 11:19:44 PM
2026-10-16
$90.00
10/2/2026, 11:19:44 PM
2026-10-23
$91.00
10/2/2026, 11:19:44 PM
2026-10-30
$93.00
10/2/2026, 11:19:44 PM
2026-11-06
$93.00
10/2/2026, 11:19:44 PM
2026-11-20
$95.00
10/2/2026, 11:19:44 PM
2026-12-18
$87.50
10/2/2026, 11:19:44 PM
2027-01-15
$87.50
10/2/2026, 11:19:44 PM
2027-03-19
$90.00
10/2/2026, 11:19:44 PM
2027-06-17
$90.00
10/2/2026, 11:19:44 PM
2027-09-17
$92.50
10/2/2026, 11:19:44 PM
Selected expiration: 2026-10-09 at max pain $94.00.
NDAQ pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
83
0
296800
296800
84
0
266600
266600
86
200
206200
206400
87
400
176400
176800
88
600
146900
147500
89
800
118300
119100
90
1100
91800
92900
91
2800
69300
72100
92
4700
49900
54600
93
10700
33800
44500
94
17900
21900
39800
95
30100
10800
40900
96
42600
1200
43800
97
56700
100
56800
98
88500
0
88500
99
126900
0
126900
100
165600
0
165600
101
205900
0
205900
102
248000
0
248000
103
290200
0
290200
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.