This page reflects PHM 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 — PHM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $119.00 (3.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$119.00
Nearest expiry
Expected Move
±$4.45
±3.9%
Days to Expiry
7
Calendar days
Total Call OI
356
Nearest expiry
Total Put OI
335
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$115.73
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
$117.00
9/25/2026, 11:22:41 PM
2026-10-02Updated
$119.00
10/2/2026, 11:26:39 PM
2026-10-09Next
$119.00
10/2/2026, 11:26:39 PM
2026-10-16
$122.00
10/2/2026, 11:26:39 PM
2026-10-23
$117.00
10/2/2026, 11:26:39 PM
2026-10-30
$118.00
10/2/2026, 11:26:39 PM
2026-11-20
$120.00
10/2/2026, 11:26:39 PM
2026-12-18
$125.00
10/2/2026, 11:26:39 PM
2027-01-15
$125.00
10/2/2026, 11:26:39 PM
2027-03-19
$120.00
10/2/2026, 11:26:39 PM
2027-04-16
$120.00
10/2/2026, 11:26:39 PM
2027-06-17
$120.00
10/2/2026, 11:26:39 PM
2027-09-17
$100.00
10/2/2026, 11:26:39 PM
Selected expiration: 2026-10-09 at max pain $119.00.
PHM pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
1893800
1893800
80
0
1651300
1651300
95
0
925300
925300
100
0
683800
683800
105
0
452300
452300
107
0
377500
377500
108
100
340100
340200
109
300
302800
303100
110
500
265600
266100
111
900
228700
229600
112
1300
193100
194400
113
8200
158300
166500
114
15100
125900
141000
115
22000
94400
116400
116
29300
63300
92600
117
39600
40600
80200
118
50500
19200
69700
119
65000
3300
68300
120
83500
1600
85100
121
104100
900
105000
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.