This page reflects OXM 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 — OXM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (10.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.58
±10.3%
Days to Expiry
14
Calendar days
Total Call OI
356
Nearest expiry
Total Put OI
1,877
Nearest expiry
P/C OI Ratio
5.27
Put-heavy
Spot Price
$24.93
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
$35.00
8/21/2026, 11:26:32 PM
2026-09-18
$30.00
9/18/2026, 11:22:00 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:19:46 PM
2026-11-20
$30.00
10/2/2026, 11:19:46 PM
2027-01-15
$35.00
10/2/2026, 11:19:46 PM
2027-04-16
$35.00
10/2/2026, 11:19:46 PM
Selected expiration: 2026-10-16 at max pain $35.00.
OXM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1084500
1084500
22.5
1250
618250
619500
25
2750
278000
280750
30
17750
101500
119250
35
47750
50500
98250
40
141750
31000
172750
45
268250
22000
290250
50
419250
13000
432250
55
576750
4000
580750
60
742250
0
742250
65
920250
0
920250
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.