Nearest listed expiration 2026-10-09 shows max pain at $2.50 (0.06 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$0.18
±7.4%
Days to Expiry
7
Calendar days
Total Call OI
14,329
Nearest expiry
Total Put OI
1,695
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$2.44
Published close
Consensus
6.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$2.50
9/25/2026, 11:21:37 PM
2026-10-02Updated
$2.50
10/2/2026, 11:20:07 PM
2026-10-09Next
$2.50
10/2/2026, 11:20:07 PM
2026-10-16
$3.00
10/2/2026, 11:20:07 PM
2026-10-23
$2.50
10/2/2026, 11:20:07 PM
2026-10-30
$2.50
10/2/2026, 11:20:07 PM
2026-11-06
$2.50
10/2/2026, 11:20:07 PM
2026-11-20
$3.00
10/2/2026, 11:20:07 PM
2026-12-18
$3.00
10/2/2026, 11:20:07 PM
2027-01-15
$1.50
10/2/2026, 11:20:07 PM
2027-02-19
$3.00
10/2/2026, 11:20:07 PM
2027-05-21
$2.00
10/2/2026, 11:20:07 PM
Selected expiration: 2026-10-09 at max pain $2.50.
OPEN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
341450
341450
1
1000
256950
257950
1.5
2850
177500
180350
2
5300
103550
108850
2.5
40950
34400
75350
3
298700
11750
310450
3.5
717500
2700
720200
4
1302500
1800
1304300
4.5
1899450
1050
1900500
5
2594350
450
2594800
5.5
3294550
250
3294800
6
4010800
100
4010900
6.5
4727050
0
4727050
7
5443500
0
5443500
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.