This page reflects NOC 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 — NOC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $515.00 (37.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$515.00
Nearest expiry
Expected Move
±$20.00
±4.2%
Days to Expiry
14
Calendar days
Total Call OI
2,685
Nearest expiry
Total Put OI
2,112
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$478.00
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
$545.00
8/21/2026, 11:23:42 PM
2026-09-18
$525.00
9/18/2026, 11:24:23 PM
2026-10-16NextUpdated
$515.00
10/2/2026, 11:22:03 PM
2026-11-20
$520.00
10/2/2026, 11:22:03 PM
2026-12-18
$530.00
10/2/2026, 11:22:03 PM
2027-01-15
$530.00
10/2/2026, 11:22:03 PM
2027-02-19
$515.00
10/2/2026, 11:22:03 PM
2027-03-19
$540.00
10/2/2026, 11:22:03 PM
2027-05-21
$510.00
10/2/2026, 11:22:03 PM
2027-06-17
$500.00
10/2/2026, 11:22:03 PM
2027-09-17
$540.00
10/2/2026, 11:22:03 PM
Selected expiration: 2026-10-16 at max pain $515.00.
NOC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
430
0
13458000
13458000
435
0
12410000
12410000
440
0
11388500
11388500
445
0
10380000
10380000
450
0
9381500
9381500
455
500
8399000
8399500
460
1000
7436000
7437000
465
3000
6503500
6506500
470
5000
5611000
5616000
475
13500
4791000
4804500
480
22500
4001000
4023500
485
50000
3262500
3312500
490
85500
2559500
2645000
495
147000
1959500
2106500
500
215000
1416000
1631000
505
330500
944000
1274500
510
465000
510500
975500
515
657000
170000
827000
520
883500
76500
960000
525
1331000
38500
1369500
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.