This page reflects NEO 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 — NEO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $18.00 (0.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$1.52
±8.3%
Days to Expiry
14
Calendar days
Total Call OI
264
Nearest expiry
Total Put OI
59
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$18.47
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
$10.00
8/21/2026, 11:25:01 PM
2026-09-18
$15.00
9/18/2026, 11:24:01 PM
2026-10-16NextUpdated
$18.00
10/2/2026, 11:17:02 PM
2026-11-20
$8.00
10/2/2026, 11:17:02 PM
2026-12-18
$10.00
10/2/2026, 11:17:02 PM
2027-02-19
$15.00
10/2/2026, 11:17:02 PM
2027-05-21
$13.00
10/2/2026, 11:17:02 PM
Selected expiration: 2026-10-16 at max pain $18.00.
NEO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
53400
53400
14
0
29800
29800
15
100
23900
24000
16
400
18000
18400
17
2200
12500
14700
18
6600
7000
13600
19
13000
3500
16500
20
27200
400
27600
21
49100
200
49300
22
74000
0
74000
23
99000
0
99000
24
124100
0
124100
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.