This page reflects ORKA 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 — ORKA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (5.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$7.97
±9.4%
Days to Expiry
14
Calendar days
Total Call OI
319
Nearest expiry
Total Put OI
309
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$84.52
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
$70.00
8/21/2026, 11:26:03 PM
2026-09-18
$95.00
9/18/2026, 11:27:36 PM
2026-10-16NextUpdated
$90.00
10/2/2026, 11:24:27 PM
2026-11-20
$70.00
10/2/2026, 11:24:27 PM
2026-12-18
$75.00
10/2/2026, 11:24:27 PM
2027-01-15
$75.00
10/2/2026, 11:24:27 PM
2027-02-19
$75.00
10/2/2026, 11:24:27 PM
2027-03-19
$55.00
10/2/2026, 11:24:27 PM
2027-05-21
$95.00
10/2/2026, 11:24:27 PM
Selected expiration: 2026-10-16 at max pain $90.00.
ORKA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1020000
1020000
70
0
558000
558000
75
1500
433000
434500
80
3500
310000
313500
85
8500
197500
206000
90
73500
90000
163500
95
150500
21000
171500
100
256500
3500
260000
105
369500
2000
371500
110
486000
1500
487500
115
630500
1000
631500
120
775500
500
776000
125
926500
0
926500
130
1083500
0
1083500
140
1401500
0
1401500
145
1560500
0
1560500
165
2200500
0
2200500
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.