This page reflects OC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — OC
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $135.00 (17.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$35.88
±30.5%
Days to Expiry
11
Calendar days
Total Call OI
2,487
Nearest expiry
Total Put OI
361
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$117.48
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
$140.00
8/21/2026, 11:25:37 PM
2026-09-18
$130.00
9/18/2026, 11:26:50 PM
2026-10-16NextUpdated
$135.00
10/5/2026, 11:23:50 PM
2026-11-20
$130.00
10/5/2026, 11:23:50 PM
2026-12-18
$125.00
10/5/2026, 11:23:50 PM
2027-02-19
$110.00
10/5/2026, 11:23:50 PM
2027-05-21
$130.00
10/5/2026, 11:23:50 PM
Selected expiration: 2026-10-16 at max pain $135.00.
OC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
1270000
1270000
100
0
1092500
1092500
105
500
917500
918000
110
1000
744000
745000
115
2000
576000
578000
120
3500
440000
443500
125
10500
326500
337000
130
44000
240500
284500
135
94000
188500
282500
140
178500
145500
324000
145
329000
105000
434000
150
1123500
65500
1189000
155
1951500
26000
1977500
160
2788500
12500
2801000
165
3636500
0
3636500
170
4872000
0
4872000
175
6107500
0
6107500
180
7349000
0
7349000
185
8590500
0
8590500
190
9832000
0
9832000
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.