This page reflects PAY 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 — PAY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $34.00 (3.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$1.23
±4.0%
Days to Expiry
14
Calendar days
Total Call OI
59
Nearest expiry
Total Put OI
117
Nearest expiry
P/C OI Ratio
1.98
Put-heavy
Spot Price
$30.83
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
$31.00
8/21/2026, 11:26:49 PM
2026-09-18
$21.00
9/18/2026, 11:25:29 PM
2026-10-16NextUpdated
$34.00
10/2/2026, 11:24:18 PM
2026-11-20
$34.00
10/2/2026, 11:24:18 PM
2026-12-18
$27.00
10/2/2026, 11:24:18 PM
2027-03-19
$15.00
10/2/2026, 11:24:18 PM
Selected expiration: 2026-10-16 at max pain $34.00.
PAY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
15200
15200
31
0
9300
9300
32
0
5700
5700
33
300
2200
2500
34
1100
1300
2400
35
2600
600
3200
36
5700
300
6000
37
8900
100
9000
38
12400
0
12400
39
16400
0
16400
40
20900
0
20900
41
26400
0
26400
42
32100
0
32100
45
49200
0
49200
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.