This page reflects PLSE 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 — PLSE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $22.00 (25.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$5.85
±12.2%
Days to Expiry
14
Calendar days
Total Call OI
585
Nearest expiry
Total Put OI
73
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$47.90
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
$27.00
8/21/2026, 11:25:36 PM
2026-09-18
$50.00
9/18/2026, 11:27:02 PM
2026-10-16NextUpdated
$22.00
10/2/2026, 11:27:42 PM
2026-11-20
$40.00
10/2/2026, 11:27:42 PM
2027-01-15
$20.00
10/2/2026, 11:27:42 PM
2027-04-16
$50.00
10/2/2026, 11:27:42 PM
Selected expiration: 2026-10-16 at max pain $22.00.
PLSE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
213900
213900
14
0
206600
206600
15
0
199600
199600
16
0
192800
192800
17
0
186000
186000
18
0
179200
179200
19
2000
172400
174400
20
4000
165600
169600
21
8900
158800
167700
22
13800
152600
166400
24
31600
140200
171800
25
48800
134000
182800
26
66900
127800
194700
27
85200
121800
207000
28
103600
115800
219400
29
122000
109900
231900
30
140500
104100
244600
31
160600
98300
258900
32
180700
92500
273200
33
201800
86700
288500
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.