This page reflects OPRA 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 — OPRA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $18.00 (0.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.98
±5.5%
Days to Expiry
14
Calendar days
Total Call OI
8,630
Nearest expiry
Total Put OI
6,543
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$17.70
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
$19.00
8/21/2026, 11:22:34 PM
2026-09-18
$18.00
9/18/2026, 11:25:14 PM
2026-10-16NextUpdated
$18.00
10/2/2026, 11:25:34 PM
2026-11-20
$17.00
10/2/2026, 11:25:34 PM
2027-01-15
$12.50
10/2/2026, 11:25:34 PM
2027-04-16
$18.00
10/2/2026, 11:25:34 PM
2027-06-17
$17.50
10/2/2026, 11:25:34 PM
Selected expiration: 2026-10-16 at max pain $18.00.
OPRA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
8552400
8552400
5
0
7898100
7898100
6
0
7243800
7243800
7
0
6590700
6590700
9
0
5320500
5320500
10
2400
4685600
4688000
11
4800
4050800
4055600
12
7200
3416000
3423200
13
9600
2789500
2799100
14
12200
2166200
2178400
15
15700
1547500
1563200
16
20900
933600
954500
17
33700
324900
358600
18
55100
15800
70900
19
81500
5500
87000
20
414300
1000
415300
21
882500
500
883000
22
1652900
0
1652900
23
2443500
0
2443500
24
3244900
0
3244900
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.