This page reflects PBF 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 — PBF
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $75.00 (5.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$8.80
±10.9%
Days to Expiry
14
Calendar days
Total Call OI
17,228
Nearest expiry
Total Put OI
12,460
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$80.78
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
$65.00
8/21/2026, 11:26:43 PM
2026-09-18
$67.50
9/18/2026, 11:25:52 PM
2026-10-16NextUpdated
$75.00
10/2/2026, 11:26:41 PM
2026-11-20
$72.50
10/2/2026, 11:26:41 PM
2026-12-18
$60.00
10/2/2026, 11:26:41 PM
2027-01-15
$40.00
10/2/2026, 11:26:41 PM
2027-03-19
$60.00
10/2/2026, 11:26:41 PM
2027-05-21
$75.00
10/2/2026, 11:26:41 PM
2027-08-20
$60.00
10/2/2026, 11:26:41 PM
Selected expiration: 2026-10-16 at max pain $75.00.
PBF pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
22394000
22394000
55
5000
16240500
16245500
60
11000
10508500
10519500
65
117500
5588000
5705500
67.5
225500
4135250
4360750
70
342500
2741750
3084250
72.5
530750
1537750
2068500
75
798750
429250
1228000
77.5
1485000
238750
1723750
80
2483250
68250
2551500
82.5
4970250
43750
5014000
85
7859000
21500
7880500
90
14861500
2500
14864000
95
22372000
0
22372000
100
30045500
0
30045500
105
37809500
0
37809500
110
45590000
0
45590000
115
54203000
0
54203000
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.