This page reflects PR 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 — PR
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $22.00 (0.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$1.15
±5.2%
Days to Expiry
11
Calendar days
Total Call OI
49,993
Nearest expiry
Total Put OI
6,924
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$22.23
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
$21.00
8/21/2026, 11:27:41 PM
2026-09-18
$23.00
9/18/2026, 11:23:58 PM
2026-10-16NextUpdated
$22.00
10/5/2026, 11:26:29 PM
2026-11-20
$20.00
10/5/2026, 11:26:29 PM
2027-01-15
$15.00
10/5/2026, 11:26:29 PM
2027-03-19
$19.00
10/5/2026, 11:26:29 PM
2027-04-16
$20.00
10/5/2026, 11:26:29 PM
2027-05-21
$22.00
10/5/2026, 11:26:29 PM
2027-08-20
$18.00
10/5/2026, 11:26:29 PM
Selected expiration: 2026-10-16 at max pain $22.00.
PR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
8511000
8511000
10
0
7818600
7818600
11
1000
7126200
7127200
12
2200
6433900
6436100
13
3400
5742500
5745900
14
4600
5052100
5056700
15
5800
4368600
4374400
16
7500
3685100
3692600
17
16200
3001600
3017800
18
27300
2341300
2368600
19
42000
1736000
1778000
20
59700
1152500
1212200
21
147300
607200
754500
22
422300
299200
721500
23
788300
18600
806900
24
1917200
2600
1919800
25
3223400
0
3223400
26
7918700
0
7918700
27
12792500
0
12792500
28
17709100
0
17709100
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.