This page reflects ONC 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 — ONC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $360.00 (1.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$17.55
±4.9%
Days to Expiry
14
Calendar days
Total Call OI
170
Nearest expiry
Total Put OI
109
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$358.07
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
$320.00
8/21/2026, 11:25:24 PM
2026-09-18
$350.00
9/18/2026, 11:27:18 PM
2026-10-16NextUpdated
$360.00
10/2/2026, 11:23:50 PM
2026-11-20
$350.00
10/2/2026, 11:23:50 PM
2027-02-19
$360.00
10/2/2026, 11:23:50 PM
2027-05-21
$350.00
10/2/2026, 11:23:50 PM
Selected expiration: 2026-10-16 at max pain $360.00.
ONC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
939000
939000
310
0
831000
831000
320
38000
724000
762000
330
114000
618000
732000
340
191000
514000
705000
350
270000
430000
700000
360
350000
349000
699000
370
434000
270000
704000
380
523000
192000
715000
390
616000
115000
731000
400
721000
38000
759000
410
857000
0
857000
420
995000
0
995000
430
1135000
0
1135000
460
1597000
0
1597000
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.