This page reflects PONY 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 — PONY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $7.00 (0.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.39
±6.4%
Days to Expiry
7
Calendar days
Total Call OI
1,817
Nearest expiry
Total Put OI
1,029
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$6.07
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
$7.00
9/25/2026, 11:29:27 PM
2026-10-02Updated
$6.50
10/2/2026, 11:25:09 PM
2026-10-09Next
$7.00
10/2/2026, 11:25:09 PM
2026-10-16
$7.50
10/2/2026, 11:25:09 PM
2026-10-23
$7.00
10/2/2026, 11:25:09 PM
2026-10-30
$7.00
10/2/2026, 11:25:09 PM
2026-11-20
$7.50
10/2/2026, 11:25:09 PM
2027-01-15
$7.50
10/2/2026, 11:25:09 PM
2027-02-19
$7.50
10/2/2026, 11:25:09 PM
2027-05-21
$7.50
10/2/2026, 11:25:09 PM
Selected expiration: 2026-10-09 at max pain $7.00.
PONY pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
146400
146400
5.5
0
96550
96550
6
50
56300
56350
6.5
250
22750
23000
7
2650
12000
14650
7.5
63450
5300
68750
8
128750
2900
131650
8.5
208200
2400
210600
9
296900
1900
298800
9.5
386250
1550
387800
10
475800
1200
477000
10.5
566000
850
566850
11.5
747700
150
747850
12
838550
0
838550
12.5
929400
0
929400
13
1020250
0
1020250
14
1201950
0
1201950
15
1383650
0
1383650
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.