This page reflects PI 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 — PI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $155.00 (34.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$7.90
±4.2%
Days to Expiry
14
Calendar days
Total Call OI
1,247
Nearest expiry
Total Put OI
866
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$189.61
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
$130.00
8/21/2026, 11:27:32 PM
2026-09-18
$160.00
9/18/2026, 11:24:46 PM
2026-10-16NextUpdated
$155.00
10/2/2026, 11:24:33 PM
2026-11-20
$160.00
10/2/2026, 11:24:33 PM
2026-12-18
$130.00
10/2/2026, 11:24:33 PM
2027-01-15
$150.00
10/2/2026, 11:24:33 PM
2027-04-16
$170.00
10/2/2026, 11:24:33 PM
Selected expiration: 2026-10-16 at max pain $155.00.
PI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
8911500
8911500
50
500
8695250
8695750
55
4000
8263250
8267250
60
8500
7831750
7840250
65
14000
7400250
7414250
70
19500
6968750
6988250
75
27500
6539250
6566750
80
43000
6110750
6153750
85
59500
5683750
5743250
90
77000
5257250
5334250
95
97000
4831250
4928250
97.5
107500
4620750
4728250
100
118000
4410500
4528500
105
139000
3995500
4134500
110
165500
3580500
3746000
115
194000
3169000
3363000
120
225500
2761000
2986500
125
263500
2363000
2626500
130
317500
1980000
2297500
135
371500
1624500
1996000
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.