This page reflects PPC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — PPC
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $28.00 (0.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$1.68
±6.0%
Days to Expiry
11
Calendar days
Total Call OI
195
Nearest expiry
Total Put OI
38
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$27.99
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
$28.00
8/21/2026, 11:23:56 PM
2026-09-18
$29.00
9/18/2026, 11:28:01 PM
2026-10-16NextUpdated
$28.00
10/5/2026, 11:25:25 PM
2026-11-20
$27.00
10/5/2026, 11:25:25 PM
2026-12-18
$30.00
10/5/2026, 11:25:25 PM
2027-03-19
$32.00
10/5/2026, 11:25:25 PM
Selected expiration: 2026-10-16 at max pain $28.00.
PPC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
16900
16900
26
1800
9300
11100
27
2800
5500
8300
28
3800
1900
5700
29
7000
0
7000
30
10200
0
10200
31
23500
0
23500
32
41400
0
41400
34
79200
0
79200
35
98200
0
98200
39
175800
0
175800
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.