This page reflects PAYC 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 — PAYC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $230.00 (9.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$13.15
±6.0%
Days to Expiry
14
Calendar days
Total Call OI
755
Nearest expiry
Total Put OI
692
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$220.99
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
$160.00
8/21/2026, 11:25:42 PM
2026-09-18
$220.00
9/18/2026, 11:24:47 PM
2026-10-16NextUpdated
$230.00
10/2/2026, 11:20:13 PM
2026-11-20
$200.00
10/2/2026, 11:20:13 PM
2026-12-18
$200.00
10/2/2026, 11:20:13 PM
2027-01-15
$190.00
10/2/2026, 11:20:13 PM
2027-02-19
$240.00
10/2/2026, 11:20:13 PM
2027-05-21
$240.00
10/2/2026, 11:20:13 PM
Selected expiration: 2026-10-16 at max pain $230.00.
PAYC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
5633500
5633500
150
6000
4941500
4947500
155
9500
4595500
4605000
160
14000
4249500
4263500
170
25000
3557500
3582500
175
33000
3212500
3245500
180
41000
2869000
2910000
185
49500
2538500
2588000
190
58000
2209000
2267000
195
102500
1894500
1997000
200
153500
1601000
1754500
210
280500
1070000
1350500
220
432500
583000
1015500
230
610500
173000
783500
240
894500
65000
959500
250
1292500
0
1292500
260
1726500
0
1726500
270
2418500
0
2418500
280
3148500
0
3148500
290
3880500
0
3880500
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.