This page reflects NICE 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 — NICE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $110.00 (3.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$7.83
±6.9%
Days to Expiry
14
Calendar days
Total Call OI
1,831
Nearest expiry
Total Put OI
2,485
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$113.90
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
$100.00
8/21/2026, 11:22:53 PM
2026-09-18
$100.00
9/18/2026, 11:24:13 PM
2026-10-16NextUpdated
$110.00
10/2/2026, 11:20:16 PM
2026-11-20
$90.00
10/2/2026, 11:20:16 PM
2027-01-15
$140.00
10/2/2026, 11:20:16 PM
2027-02-19
$125.00
10/2/2026, 11:20:16 PM
2027-05-21
$85.00
10/2/2026, 11:20:16 PM
Selected expiration: 2026-10-16 at max pain $110.00.
NICE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
5744500
5744500
80
0
3259500
3259500
85
0
2018500
2018500
90
0
794500
794500
95
1000
287000
288000
100
3500
186000
189500
105
11500
119500
131000
110
29500
74000
103500
115
123500
47000
170500
120
387000
23000
410000
125
735000
1500
736500
130
1336000
0
1336000
135
1986500
0
1986500
140
2769000
0
2769000
145
3563500
0
3563500
150
4364000
0
4364000
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.