This page reflects PENG 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 — PENG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (11.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$12.05
±19.6%
Days to Expiry
14
Calendar days
Total Call OI
15,296
Nearest expiry
Total Put OI
6,768
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$61.36
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
$55.00
8/21/2026, 11:28:04 PM
2026-09-18
$40.00
9/18/2026, 11:25:44 PM
2026-10-16NextUpdated
$50.00
10/2/2026, 11:25:19 PM
2026-11-20
$55.00
10/2/2026, 11:25:19 PM
2026-12-18
$45.00
10/2/2026, 11:25:19 PM
2027-01-15
$35.00
10/2/2026, 11:25:19 PM
2027-03-19
$55.00
10/2/2026, 11:25:19 PM
2027-04-16
$45.00
10/2/2026, 11:25:19 PM
2027-05-21
$50.00
10/2/2026, 11:25:19 PM
2027-09-17
$40.00
10/2/2026, 11:25:19 PM
Selected expiration: 2026-10-16 at max pain $50.00.
PENG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
24002000
24002000
17.5
0
22312500
22312500
20
0
20627000
20627000
22.5
1000
18941500
18942500
25
2250
17264000
17266250
30
18750
13939500
13958250
35
38250
10701000
10739250
40
721250
7972500
8693750
45
1432750
5645000
7077750
50
2198750
3908000
6106750
55
3558250
2627000
6185250
60
5784750
1877000
7661750
65
9289750
1359000
10648750
70
13407750
915000
14322750
75
19209750
708500
19918250
80
25779250
502000
26281250
85
32544250
301000
32845250
90
39359750
150000
39509750
95
46244250
0
46244250
100
53678750
0
53678750
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.