This page reflects OLMA 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 — OLMA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $11.00 (2.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$11.95
±145.3%
Days to Expiry
14
Calendar days
Total Call OI
1,825
Nearest expiry
Total Put OI
390
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$8.23
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
$11.00
8/21/2026, 11:26:40 PM
2026-09-18
$10.00
9/18/2026, 11:24:38 PM
2026-10-16NextUpdated
$11.00
10/2/2026, 11:20:51 PM
2026-11-20
$6.00
10/2/2026, 11:20:51 PM
2026-12-18
$13.00
10/2/2026, 11:20:51 PM
2027-01-15
$10.00
10/2/2026, 11:20:51 PM
2027-03-19
$6.00
10/2/2026, 11:20:51 PM
2027-04-16
$10.00
10/2/2026, 11:20:51 PM
Selected expiration: 2026-10-16 at max pain $11.00.
OLMA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
385300
385300
3
6800
307500
314300
4
10200
268700
278900
5
13600
230300
243900
6
17000
191900
208900
7
20600
158500
179100
8
24200
125100
149300
9
28000
92900
120900
10
31900
64400
96300
11
39400
36600
76000
12
67000
23700
90700
13
109900
10800
120700
14
156000
8300
164300
15
251900
7300
259200
16
422300
6300
428600
17
592800
5400
598200
19
933800
3600
937400
20
1104400
2700
1107100
21
1281100
1800
1282900
22
1458000
900
1458900
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.