This page reflects PAYX 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 — PAYX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $105.00 (6.06 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$4.15
±4.2%
Days to Expiry
14
Calendar days
Total Call OI
7,326
Nearest expiry
Total Put OI
4,318
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$98.94
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
$110.00
8/21/2026, 11:26:56 PM
2026-09-18
$110.00
9/18/2026, 11:25:23 PM
2026-10-16NextUpdated
$105.00
10/2/2026, 11:23:20 PM
2026-11-20
$110.00
10/2/2026, 11:23:20 PM
2026-12-18
$105.00
10/2/2026, 11:23:20 PM
2027-01-15
$110.00
10/2/2026, 11:23:20 PM
2027-03-19
$110.00
10/2/2026, 11:23:20 PM
2027-06-17
$115.00
10/2/2026, 11:23:20 PM
2027-09-17
$100.00
10/2/2026, 11:23:20 PM
Selected expiration: 2026-10-16 at max pain $105.00.
PAYX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
13890000
13890000
75
0
9572000
9572000
80
0
7416500
7416500
85
0
5323000
5323000
90
0
3363000
3363000
95
3000
2078000
2081000
100
7500
1022000
1029500
105
403500
486500
890000
110
1370500
237000
1607500
115
2802500
119000
2921500
120
4454500
1500
4456000
125
6476500
0
6476500
130
9380500
0
9380500
135
12570000
0
12570000
140
16037000
0
16037000
145
19647500
0
19647500
150
23263000
0
23263000
155
26892000
0
26892000
160
30541000
0
30541000
175
41510500
0
41510500
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.