This page reflects PCG 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 — PCG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $12.50 (0.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$0.52
±4.2%
Days to Expiry
7
Calendar days
Total Call OI
5,141
Nearest expiry
Total Put OI
2,286
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$12.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$13.50
9/25/2026, 11:26:37 PM
2026-10-02Updated
$12.50
10/2/2026, 11:24:34 PM
2026-10-09Next
$12.50
10/2/2026, 11:24:34 PM
2026-10-16
$14.00
10/2/2026, 11:24:34 PM
2026-10-23
$13.00
10/2/2026, 11:24:34 PM
2026-10-30
$13.00
10/2/2026, 11:24:34 PM
2026-11-06
$11.50
10/2/2026, 11:24:34 PM
2026-11-20
$13.00
10/2/2026, 11:24:34 PM
2026-12-18
$13.00
10/2/2026, 11:24:34 PM
2027-01-15
$14.00
10/2/2026, 11:24:34 PM
2027-03-19
$14.00
10/2/2026, 11:24:34 PM
2027-06-17
$15.00
10/2/2026, 11:24:34 PM
2027-09-17
$15.00
10/2/2026, 11:24:34 PM
Selected expiration: 2026-10-09 at max pain $12.50.
PCG pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2615050
2615050
2
200
2386650
2386850
3
600
2158250
2158850
4
2100
1929850
1931950
5
3700
1701450
1705150
6
5400
1473050
1478450
10
13400
559450
572850
11
15400
336350
351750
12
18400
134250
152650
12.5
25800
87500
113300
13
61400
62400
123800
13.5
145200
43050
188250
14
283100
32250
315350
14.5
461850
22350
484200
15
657850
17350
675200
15.5
863500
12400
875900
16
1071650
7500
1079150
16.5
1287100
2600
1289700
17
1512650
1300
1513950
17.5
1754450
0
1754450
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.