thetaOwl

ONON

On Holding AGClose $30.85EOD only
Max Pain
$30.00
Next expiry Oct 9, 2026
Expected Move
±$1.33
4.3% from close
Price Gap
-0.85
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.91
Balanced positioning
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

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

Nearest listed expiration 2026-10-09 shows max pain at $30.00 (0.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.33
±4.3%
Days to Expiry
7
Calendar days
Total Call OI
2,623
Nearest expiry
Total Put OI
4,420
Nearest expiry
P/C OI Ratio
1.69
Put-heavy
Spot Price
$30.85
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$28.509/25/2026, 11:21:43 PM
2026-10-02Updated$29.0010/2/2026, 11:24:57 PM
2026-10-09Next$30.0010/2/2026, 11:24:57 PM
2026-10-16$27.5010/2/2026, 11:24:57 PM
2026-10-23$31.0010/2/2026, 11:24:57 PM
2026-10-30$30.0010/2/2026, 11:24:57 PM
2026-11-06$31.0010/2/2026, 11:24:57 PM
2026-11-20$30.0010/2/2026, 11:24:57 PM
2026-12-18$30.0010/2/2026, 11:24:57 PM
2027-01-15$35.0010/2/2026, 11:24:57 PM
2027-03-19$32.5010/2/2026, 11:24:57 PM
2027-04-16$27.5010/2/2026, 11:24:57 PM
2027-06-17$35.0010/2/2026, 11:24:57 PM
2027-09-17$30.0010/2/2026, 11:24:57 PM
Selected expiration: 2026-10-09 at max pain $30.00.
ONON pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
17053959005395900
20040702004070200
22031866003186600
23027460002746000
2410023062002306300
24.515020905502090700
2520018750001875200
26750014496001457100
26.51160012457001257300
271590010418001057700
27.523650843850867500
2833150648450681600
28.554650461000515650
2976600275500352100
29.5103150101500204650
3013220067650199850
30.518955038050227600
3125640024500280900
31.533510019200354300
3243700015600452600
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.