This page reflects POET 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 — POET
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $7.50 (0.29 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$0.66
±8.5%
Days to Expiry
7
Calendar days
Total Call OI
7,930
Nearest expiry
Total Put OI
2,774
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$7.79
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
$7.50
9/25/2026, 11:23:12 PM
2026-10-02Updated
$7.50
10/2/2026, 11:22:26 PM
2026-10-09Next
$7.50
10/2/2026, 11:22:26 PM
2026-10-16
$8.00
10/2/2026, 11:22:26 PM
2026-10-23
$7.50
10/2/2026, 11:22:26 PM
2026-10-30
$7.50
10/2/2026, 11:22:26 PM
2026-11-06
$7.50
10/2/2026, 11:22:26 PM
2026-11-20
$8.00
10/2/2026, 11:22:26 PM
2027-01-15
$5.00
10/2/2026, 11:22:26 PM
2027-04-16
$9.00
10/2/2026, 11:22:26 PM
2027-05-21
$7.00
10/2/2026, 11:22:26 PM
Selected expiration: 2026-10-09 at max pain $7.50.
POET pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
1485300
1485300
2.5
450
1346600
1347050
3
1650
1207900
1209550
3.5
4800
1071250
1076050
4
10150
934750
944900
4.5
17200
798250
815450
5
25050
661750
686800
5.5
33400
525350
558750
6
43200
390250
433450
6.5
53700
257500
311200
7
68800
135200
204000
7.5
85050
66000
151050
8
136250
31800
168050
8.5
283450
20000
303450
9
487600
10000
497600
9.5
787800
5550
793350
10
1100350
1600
1101950
10.5
1454450
50
1454500
11
1819000
0
1819000
11.5
2190850
0
2190850
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.