This page reflects OMER 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 — OMER
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $20.00 (1.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.65
±8.9%
Days to Expiry
14
Calendar days
Total Call OI
3,610
Nearest expiry
Total Put OI
2,364
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$18.61
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
$10.00
8/21/2026, 11:21:42 PM
2026-09-18
$16.00
9/18/2026, 11:24:27 PM
2026-10-16NextUpdated
$20.00
10/2/2026, 11:22:23 PM
2026-11-20
$13.00
10/2/2026, 11:22:23 PM
2026-12-18
$10.00
10/2/2026, 11:22:23 PM
2027-01-15
$7.00
10/2/2026, 11:22:23 PM
2027-02-19
$21.00
10/2/2026, 11:22:23 PM
Selected expiration: 2026-10-16 at max pain $20.00.
OMER pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
1758300
1758300
11
600
1551900
1552500
13
1800
1159100
1160900
14
2400
962700
965100
15
3300
774300
777600
16
5100
606500
611600
17
6900
449000
455900
18
9700
308400
318100
19
15800
183600
199400
20
35400
83600
119000
21
129900
0
129900
22
253400
0
253400
23
535400
0
535400
24
842800
0
842800
25
1193300
0
1193300
26
1554100
0
1554100
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.