This page reflects NSP 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 — NSP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (11.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$4.53
±9.7%
Days to Expiry
14
Calendar days
Total Call OI
249
Nearest expiry
Total Put OI
802
Nearest expiry
P/C OI Ratio
3.22
Put-heavy
Spot Price
$46.48
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
$50.00
8/21/2026, 11:25:17 PM
2026-09-18
$50.00
9/18/2026, 11:20:55 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:21:53 PM
2026-11-20
$50.00
10/2/2026, 11:21:53 PM
2027-01-15
$45.00
10/2/2026, 11:21:53 PM
2027-04-16
$50.00
10/2/2026, 11:21:53 PM
Selected expiration: 2026-10-16 at max pain $35.00.
NSP pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
980250
980250
12.5
0
779750
779750
15
0
599000
599000
17.5
0
426250
426250
20
0
257250
257250
22.5
1250
210000
211250
25
6000
163500
169500
30
19000
79500
98500
35
32500
25000
57500
40
51000
12000
63000
45
85500
1500
87000
50
125500
0
125500
55
190000
0
190000
60
285500
0
285500
65
389000
0
389000
70
502000
0
502000
75
623500
0
623500
80
747000
0
747000
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.