This page reflects OPCH 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 — OPCH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $20.00 (2.64 below 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
±$1.00
±4.4%
Days to Expiry
14
Calendar days
Total Call OI
8,733
Nearest expiry
Total Put OI
908
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$22.64
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, 11:26:38 PM
2026-09-18
$22.50
9/18/2026, 11:27:20 PM
2026-10-16NextUpdated
$20.00
10/2/2026, 11:21:04 PM
2026-11-20
$20.00
10/2/2026, 11:21:04 PM
2027-01-15
$25.00
10/2/2026, 11:21:04 PM
2027-04-16
$27.50
10/2/2026, 11:21:04 PM
Selected expiration: 2026-10-16 at max pain $20.00.
OPCH pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1644000
1644000
12.5
4000
736000
740000
15
7750
510250
518000
17.5
17750
295250
313000
20
29500
144500
174000
22.5
435000
34000
469000
25
922750
15250
938000
27.5
1532750
500
1533250
30
2184250
0
2184250
32.5
3088250
0
3088250
35
3995250
0
3995250
37.5
6158500
0
6158500
40
8323250
0
8323250
42.5
10499500
0
10499500
45
12681000
0
12681000
50
17045000
0
17045000
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.