This page reflects PEP 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 — PEP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $133.00 (7.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$133.00
Nearest expiry
Expected Move
±$4.71
±3.7%
Days to Expiry
7
Calendar days
Total Call OI
9,624
Nearest expiry
Total Put OI
10,536
Nearest expiry
P/C OI Ratio
1.09
Put-heavy
Spot Price
$125.89
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
$130.00
9/25/2026, 11:22:56 PM
2026-10-02Updated
$128.00
10/2/2026, 11:25:32 PM
2026-10-09Next
$133.00
10/2/2026, 11:25:32 PM
2026-10-16
$135.00
10/2/2026, 11:25:32 PM
2026-10-23
$132.00
10/2/2026, 11:25:32 PM
2026-10-30
$129.00
10/2/2026, 11:25:32 PM
2026-11-06
$131.00
10/2/2026, 11:25:32 PM
2026-11-20
$135.00
10/2/2026, 11:25:32 PM
2026-12-18
$140.00
10/2/2026, 11:25:32 PM
2027-01-15
$140.00
10/2/2026, 11:25:32 PM
2027-03-19
$135.00
10/2/2026, 11:25:32 PM
2027-04-16
$125.00
10/2/2026, 11:25:32 PM
2027-06-17
$140.00
10/2/2026, 11:25:32 PM
2027-09-17
$140.00
10/2/2026, 11:25:32 PM
Selected expiration: 2026-10-09 at max pain $133.00.
PEP pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
29118900
29118900
110
0
18583900
18583900
115
0
13330400
13330400
116
4300
12387500
12391800
117
8600
11447900
11456500
118
12900
10509600
10522500
119
17200
9587000
9604200
120
21500
8669900
8691400
121
25800
7792400
7818200
122
30100
6946700
6976800
123
34400
6120600
6155000
124
74600
5316000
5390600
125
115400
4561400
4676800
126
158900
3864700
4023600
127
208400
3192200
3400600
128
269100
2612200
2881300
129
341700
2133400
2475100
130
429900
1730900
2160800
131
568100
1387300
1955400
132
732400
1070100
1802500
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.