This page reflects NEU 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 — NEU
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $870.00 (54.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$870.00
Nearest expiry
Expected Move
±$24.00
±2.6%
Days to Expiry
14
Calendar days
Total Call OI
38
Nearest expiry
Total Put OI
42
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$924.06
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
$815.00
8/21/2026, 11:23:50 PM
2026-09-18
$860.00
9/18/2026, 11:24:07 PM
2026-10-16NextUpdated
$870.00
10/2/2026, 11:19:19 PM
2026-11-20
$785.00
10/2/2026, 11:19:19 PM
2026-12-18
$800.00
10/2/2026, 11:19:19 PM
2027-03-19
$980.00
10/2/2026, 11:19:19 PM
Selected expiration: 2026-10-16 at max pain $870.00.
NEU pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
760
0
326000
326000
780
0
228000
228000
785
0
203500
203500
795
0
164500
164500
800
0
150000
150000
805
0
136500
136500
810
0
124500
124500
815
0
112500
112500
820
0
101500
101500
825
0
91000
91000
835
1000
71000
72000
840
1500
62000
63500
845
2000
53000
55000
850
2500
44500
47000
860
3500
32500
36000
865
4000
27000
31000
870
4500
22500
27000
900
7500
4500
12000
905
8500
1500
10000
910
10000
0
10000
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.