This page reflects NTAP 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 — NTAP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $190.00 (36.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$7.15
±3.2%
Days to Expiry
14
Calendar days
Total Call OI
7,161
Nearest expiry
Total Put OI
4,746
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$226.27
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
$170.00
8/21/2026, 11:24:44 PM
2026-09-18
$165.00
9/18/2026, 11:23:49 PM
2026-10-16NextUpdated
$190.00
10/2/2026, 11:23:38 PM
2026-11-20
$185.00
10/2/2026, 11:23:38 PM
2026-12-18
$180.00
10/2/2026, 11:23:38 PM
2027-01-15
$145.00
10/2/2026, 11:23:38 PM
2027-03-19
$185.00
10/2/2026, 11:23:38 PM
2027-06-17
$200.00
10/2/2026, 11:23:38 PM
2027-09-17
$120.00
10/2/2026, 11:23:38 PM
Selected expiration: 2026-10-16 at max pain $190.00.
NTAP pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
47522500
47522500
95
0
44937500
44937500
100
0
42353000
42353000
105
5000
39768500
39773500
115
20000
34600500
34620500
120
29000
32018000
32047000
125
38000
29443500
29481500
130
47000
26908000
26955000
135
56500
24389000
24445500
140
66000
22008000
22074000
145
77500
19680000
19757500
150
94500
17374000
17468500
155
113500
15112000
15225500
160
143500
12893000
13036500
165
178500
10732500
10911000
170
232500
8768000
9000500
175
320000
6925500
7245500
180
532500
5165500
5698000
185
881500
3771500
4653000
190
1460000
2552500
4012500
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.