This page reflects NMM 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 — NMM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (2.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$4.35
±4.7%
Days to Expiry
14
Calendar days
Total Call OI
1,178
Nearest expiry
Total Put OI
672
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$92.53
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
$75.00
8/21/2026, 11:24:26 PM
2026-09-18
$80.00
9/18/2026, 11:26:08 PM
2026-10-16NextUpdated
$90.00
10/2/2026, 11:22:51 PM
2026-11-20
$90.00
10/2/2026, 11:22:51 PM
2026-12-18
$85.00
10/2/2026, 11:22:51 PM
2027-01-15
$60.00
10/2/2026, 11:22:51 PM
2027-03-19
$87.50
10/2/2026, 11:22:51 PM
2027-05-21
$85.00
10/2/2026, 11:22:51 PM
Selected expiration: 2026-10-16 at max pain $90.00.
NMM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
1180000
1180000
75
1000
844000
845000
77.5
20250
676500
696750
80
39500
511000
550500
82.5
81500
362250
443750
85
123500
214750
338250
87.5
178000
115500
293500
90
238000
25750
263750
92.5
382250
0
382250
95
557250
0
557250
97.5
796750
0
796750
100
1061750
0
1061750
105
1611750
0
1611750
120
3372750
0
3372750
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.