This page reflects OFRM 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 — OFRM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $17.50 (1.28 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$3.98
±24.5%
Days to Expiry
14
Calendar days
Total Call OI
1,071
Nearest expiry
Total Put OI
1,929
Nearest expiry
P/C OI Ratio
1.80
Put-heavy
Spot Price
$16.22
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
$20.00
8/21/2026, 11:25:31 PM
2026-09-18
$17.50
9/18/2026, 11:24:59 PM
2026-10-16NextUpdated
$17.50
10/2/2026, 11:23:09 PM
2026-11-20
$15.00
10/2/2026, 11:23:09 PM
2027-01-15
$15.00
10/2/2026, 11:23:09 PM
2027-04-16
$12.50
10/2/2026, 11:23:09 PM
Selected expiration: 2026-10-16 at max pain $17.50.
OFRM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1990250
1990250
7.5
500
1025750
1026250
10
1000
543500
544500
12.5
2500
176750
179250
15
6250
62750
69000
17.5
41250
19000
60250
20
132250
9000
141250
22.5
240750
1250
242000
25
363250
0
363250
30
890750
0
890750
35
1422250
0
1422250
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.