Nearest listed expiration 2026-10-09 shows max pain at $187.50 (1.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$187.50
Nearest expiry
Expected Move
±$8.12
±4.3%
Days to Expiry
7
Calendar days
Total Call OI
60,055
Nearest expiry
Total Put OI
51,770
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$188.75
Published close
Consensus
6.5/10
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
$180.00
9/25/2026, 11:26:00 PM
2026-10-02Updated
$185.00
10/2/2026, 11:24:46 PM
2026-10-09Next
$187.50
10/2/2026, 11:24:46 PM
2026-10-16
$167.50
10/2/2026, 11:24:46 PM
2026-10-23
$180.00
10/2/2026, 11:24:46 PM
2026-10-30
$180.00
10/2/2026, 11:24:46 PM
2026-11-06
$180.00
10/2/2026, 11:24:46 PM
2026-11-20
$165.00
10/2/2026, 11:24:46 PM
2026-12-18
$140.00
10/2/2026, 11:24:46 PM
2027-01-15
$125.00
10/2/2026, 11:24:46 PM
2027-02-19
$155.00
10/2/2026, 11:24:46 PM
2027-03-19
$155.00
10/2/2026, 11:24:46 PM
2027-05-21
$180.00
10/2/2026, 11:24:46 PM
2027-06-17
$125.00
10/2/2026, 11:24:46 PM
2027-09-17
$160.00
10/2/2026, 11:24:46 PM
Selected expiration: 2026-10-09 at max pain $187.50.
PLTR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
523212450
523212450
55
500
497332450
497332950
60
5000
471805950
471810950
65
15000
446302450
446317450
70
29000
420803950
420832950
75
47500
395314450
395361950
80
70000
369850950
369920950
85
103000
344409450
344512450
90
144500
320236450
320380950
95
219500
296157950
296377450
100
311500
272278950
272590450
105
433500
249907950
250341450
110
596000
229964450
230560450
115
779500
210306950
211086450
120
982000
191207950
192189950
125
1195500
173018950
174214450
130
1447000
154947950
156394950
135
1720000
137299950
139019950
140
2040000
119913950
121953950
144
2419600
106201150
108620750
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.