This page reflects NN 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 — NN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $14.50 (0.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.50
Nearest expiry
Expected Move
±$1.90
±13.6%
Days to Expiry
7
Calendar days
Total Call OI
17,800
Nearest expiry
Total Put OI
2,044
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$13.98
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
$15.00
9/25/2026, 11:20:49 PM
2026-10-02Updated
$15.00
10/2/2026, 11:22:40 PM
2026-10-09Next
$14.50
10/2/2026, 11:22:40 PM
2026-10-16
$15.00
10/2/2026, 11:22:40 PM
2026-10-23
$14.00
10/2/2026, 11:22:40 PM
2026-10-30
$14.00
10/2/2026, 11:22:40 PM
2026-11-20
$16.00
10/2/2026, 11:22:40 PM
2026-12-18
$16.00
10/2/2026, 11:22:40 PM
2027-01-15
$15.00
10/2/2026, 11:22:40 PM
2027-03-19
$16.00
10/2/2026, 11:22:40 PM
Selected expiration: 2026-10-09 at max pain $14.50.
NN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
10.5
0
482350
482350
11
0
396050
396050
11.5
0
310100
310100
12
0
226750
226750
12.5
100
170400
170500
13
200
114800
115000
13.5
300
64750
65050
14
4150
29750
33900
14.5
14100
10100
24200
15
34450
3100
37550
15.5
86500
400
86900
16
148000
0
148000
16.5
255050
0
255050
17
385050
0
385050
17.5
543500
0
543500
18
741900
0
741900
18.5
940600
0
940600
19
1155850
0
1155850
20
1586650
0
1586650
20.5
2207300
0
2207300
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.