This page reflects OLN 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 — OLN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $17.50 (1.60 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
±$2.08
±13.1%
Days to Expiry
14
Calendar days
Total Call OI
7,774
Nearest expiry
Total Put OI
1,878
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$15.90
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
$22.50
8/21/2026, 11:25:46 PM
2026-09-18
$17.50
9/18/2026, 11:26:07 PM
2026-10-16NextUpdated
$17.50
10/2/2026, 11:20:43 PM
2026-11-20
$20.00
10/2/2026, 11:20:43 PM
2027-01-15
$20.00
10/2/2026, 11:20:43 PM
2027-02-19
$20.00
10/2/2026, 11:20:43 PM
2027-05-21
$22.50
10/2/2026, 11:20:43 PM
Selected expiration: 2026-10-16 at max pain $17.50.
OLN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
2137000
2137000
7.5
0
1667500
1667500
10
0
1198000
1198000
12.5
250
755250
755500
15
1250
326000
327250
17.5
45000
47500
92500
20
402500
0
402500
22.5
995500
0
995500
25
1780000
0
1780000
27.5
3007250
0
3007250
30
4293000
0
4293000
32.5
5749000
0
5749000
35
7263250
0
7263250
37.5
9038500
0
9038500
40
10822500
0
10822500
42.5
12606500
0
12606500
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.