This page reflects PNR 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 — PNR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $52.50 (0.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$2.52
±4.8%
Days to Expiry
14
Calendar days
Total Call OI
1,919
Nearest expiry
Total Put OI
242
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$53.03
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
$62.50
8/21/2026, 11:26:15 PM
2026-09-18
$60.00
9/18/2026, 11:23:22 PM
2026-10-16NextUpdated
$52.50
10/2/2026, 11:25:21 PM
2026-11-20
$92.50
10/2/2026, 11:25:21 PM
2027-01-15
$65.00
10/2/2026, 11:25:21 PM
2027-02-19
$60.00
10/2/2026, 11:25:21 PM
2027-05-21
$42.50
10/2/2026, 11:25:21 PM
Selected expiration: 2026-10-16 at max pain $52.50.
PNR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
287000
287000
45
0
226750
226750
47.5
0
167250
167250
50
0
110250
110250
52.5
0
56500
56500
55
37000
22750
59750
57.5
454000
7750
461750
60
884000
1500
885500
62.5
1321000
0
1321000
65
1770500
0
1770500
67.5
2231250
0
2231250
70
2697000
0
2697000
72.5
3171250
0
3171250
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.