This page reflects PLMR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — PLMR
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $125.00 (2.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$2.67
±2.1%
Days to Expiry
11
Calendar days
Total Call OI
374
Nearest expiry
Total Put OI
93
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$127.34
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
$125.00
8/21/2026, 11:25:22 PM
2026-09-18
$130.00
9/18/2026, 11:26:24 PM
2026-10-16NextUpdated
$125.00
10/5/2026, 11:25:59 PM
2026-11-20
$125.00
10/5/2026, 11:25:59 PM
2027-01-15
$120.00
10/5/2026, 11:25:59 PM
2027-04-16
$100.00
10/5/2026, 11:25:59 PM
2027-05-21
$100.00
10/5/2026, 11:25:59 PM
Selected expiration: 2026-10-16 at max pain $125.00.
PLMR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
416000
416000
65
500
371000
371500
70
1000
328000
329000
75
1500
289000
290500
80
3000
252500
255500
85
4500
220000
224500
90
6000
193000
199000
95
7500
166500
174000
100
9000
140500
149500
105
11500
114500
126000
110
14000
89500
103500
115
18500
67000
85500
120
26500
45500
72000
125
39000
25000
64000
130
51500
15500
67000
135
67000
6000
73000
140
93500
1500
95000
145
131000
1000
132000
150
186500
500
187000
155
254000
0
254000
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.