This page reflects PII 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 — PII
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $55.00 (1.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$3.90
±7.3%
Days to Expiry
14
Calendar days
Total Call OI
647
Nearest expiry
Total Put OI
114
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$53.71
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
$65.00
8/21/2026, 11:27:18 PM
2026-09-18
$60.00
9/18/2026, 11:27:37 PM
2026-10-16NextUpdated
$55.00
10/2/2026, 11:22:02 PM
2026-11-20
$55.00
10/2/2026, 11:22:02 PM
2026-12-18
$65.00
10/2/2026, 11:22:02 PM
2027-01-15
$55.00
10/2/2026, 11:22:02 PM
2027-03-19
$60.00
10/2/2026, 11:22:02 PM
Selected expiration: 2026-10-16 at max pain $55.00.
PII pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
145000
145000
45
500
93500
94000
50
2000
43500
45500
55
4000
13000
17000
60
79000
1000
80000
65
200500
0
200500
70
433500
0
433500
75
711000
0
711000
80
1031500
0
1031500
100
2323500
0
2323500
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.