This page reflects PL 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 — PL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $17.00 (0.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$1.23
±7.0%
Days to Expiry
7
Calendar days
Total Call OI
3,109
Nearest expiry
Total Put OI
2,930
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$17.50
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
$17.00
9/25/2026, 11:29:50 PM
2026-10-02Updated
$16.50
10/2/2026, 11:25:09 PM
2026-10-09Next
$17.00
10/2/2026, 11:25:09 PM
2026-10-16
$20.00
10/2/2026, 11:25:09 PM
2026-10-23
$17.00
10/2/2026, 11:25:09 PM
2026-10-30
$17.00
10/2/2026, 11:25:09 PM
2026-11-06
$17.00
10/2/2026, 11:25:09 PM
2026-11-20
$17.00
10/2/2026, 11:25:09 PM
2026-12-18
$19.00
10/2/2026, 11:25:09 PM
2027-01-15
$25.00
10/2/2026, 11:25:09 PM
2027-04-16
$17.00
10/2/2026, 11:25:09 PM
Selected expiration: 2026-10-09 at max pain $17.00.
PL pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
2341100
2341100
8
0
1835100
1835100
12
1200
823100
824300
13
1700
582700
584400
13.5
1950
492200
494150
14
2200
401950
404150
14.5
2650
312800
315450
15
3100
226550
229650
15.5
4200
164050
168250
16
5350
104150
109500
16.5
10450
71800
82250
17
20000
43700
63700
17.5
44050
28150
72200
18
84100
17700
101800
18.5
150350
12500
162850
19
222950
8050
231000
19.5
323350
5650
329000
20
425600
3250
428850
20.5
542600
2100
544700
21
664500
1300
665800
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.