This page reflects PAGP 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 — PAGP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $28.00 (1.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$0.85
±3.3%
Days to Expiry
14
Calendar days
Total Call OI
6,287
Nearest expiry
Total Put OI
10,238
Nearest expiry
P/C OI Ratio
1.63
Put-heavy
Spot Price
$26.06
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
$26.00
8/21/2026, 11:26:17 PM
2026-09-18
$28.00
9/18/2026, 11:25:30 PM
2026-10-16NextUpdated
$28.00
10/2/2026, 11:23:46 PM
2026-11-20
$25.00
10/2/2026, 11:23:46 PM
2027-01-15
$25.00
10/2/2026, 11:23:46 PM
2027-02-19
$25.00
10/2/2026, 11:23:46 PM
2027-05-21
$24.00
10/2/2026, 11:23:46 PM
Selected expiration: 2026-10-16 at max pain $28.00.
PAGP pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
7336400
7336400
21
300
6312600
6312900
22
700
5288800
5289500
23
1400
4265000
4266400
24
2400
3241200
3243600
25
3600
2219500
2223100
26
4800
1198700
1203500
27
32100
236500
268600
28
131800
0
131800
29
436800
0
436800
30
799400
0
799400
31
1369000
0
1369000
33
2608800
0
2608800
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.