This page reflects PCT 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 — PCT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $5.00 (0.61 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.43
±9.7%
Days to Expiry
7
Calendar days
Total Call OI
1,420
Nearest expiry
Total Put OI
558
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$4.39
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
$5.50
9/25/2026, 11:22:38 PM
2026-10-02Updated
$5.00
10/2/2026, 11:24:37 PM
2026-10-09Next
$5.00
10/2/2026, 11:24:37 PM
2026-10-16
$6.00
10/2/2026, 11:24:37 PM
2026-10-23
$5.50
10/2/2026, 11:24:37 PM
2026-10-30
$4.50
10/2/2026, 11:24:37 PM
2026-11-06
$4.50
10/2/2026, 11:24:37 PM
2026-11-20
$7.00
10/2/2026, 11:24:37 PM
2027-01-15
$8.00
10/2/2026, 11:24:37 PM
2027-02-19
$7.00
10/2/2026, 11:24:37 PM
2027-03-19
$4.00
10/2/2026, 11:24:37 PM
2027-05-21
$3.00
10/2/2026, 11:24:37 PM
2027-08-20
$7.00
10/2/2026, 11:24:37 PM
2027-09-17
$7.00
10/2/2026, 11:24:37 PM
Selected expiration: 2026-10-09 at max pain $5.00.
PCT pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
183550
183550
2.5
100
155650
155750
3
250
127750
128000
3.5
500
99850
100350
4
1300
71950
73250
4.5
5800
52900
58700
5
14650
38450
53100
5.5
34050
30200
64250
6
64400
24450
88850
6.5
108550
21000
129550
7
176750
18000
194750
7.5
246100
15000
261100
8
316000
12000
328000
8.5
386900
9000
395900
9
457850
6000
463850
10
599750
0
599750
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.