thetaOwl

ON

ON Semiconductor CorporationClose $84.89EOD only
Max Pain
$74.00
Next expiry Oct 9, 2026
Expected Move
±$2.47
2.9% from close
Price Gap
-10.89
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.67
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects ON 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 — ON
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $74.00 (10.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$74.00
Nearest expiry
Expected Move
±$2.47
±2.9%
Days to Expiry
7
Calendar days
Total Call OI
7,175
Nearest expiry
Total Put OI
2,212
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$84.89
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$70.009/25/2026, 11:22:26 PM
2026-10-02Updated$74.0010/2/2026, 11:26:06 PM
2026-10-09Next$74.0010/2/2026, 11:26:06 PM
2026-10-16$75.0010/2/2026, 11:26:06 PM
2026-10-23$76.0010/2/2026, 11:26:06 PM
2026-10-30$78.0010/2/2026, 11:26:06 PM
2026-11-06$68.0010/2/2026, 11:26:06 PM
2026-11-20$70.0010/2/2026, 11:26:06 PM
2026-12-18$75.0010/2/2026, 11:26:06 PM
2027-01-15$70.0010/2/2026, 11:26:06 PM
2027-02-19$80.0010/2/2026, 11:26:06 PM
2027-03-19$100.0010/2/2026, 11:26:06 PM
2027-04-16$75.0010/2/2026, 11:26:06 PM
2027-05-21$115.0010/2/2026, 11:26:06 PM
2027-06-17$85.0010/2/2026, 11:26:06 PM
2027-08-20$80.0010/2/2026, 11:26:06 PM
2027-09-17$65.0010/2/2026, 11:26:06 PM
Selected expiration: 2026-10-09 at max pain $74.00.
ON pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
45067678006767800
50053933005393300
55500040233004028300
59900029357002944700
601020026663002676500
611250024613002473800
621480022583002273100
631710020606002077700
641950018702001889700
652200016862001708200
662610015052001531300
673040013273001357700
683510011580001193100
694100010207001061700
7047400888000935400
7168000775700843700
7292300681300773600
73117700594400712100
74146300509400655700
75177800429400607200
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.