This page reflects PRAA 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 — PRAA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-12-18 shows max pain at $10.00 (8.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$3.80
±20.1%
Days to Expiry
77
Calendar days
Total Call OI
449
Nearest expiry
Total Put OI
54
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$18.87
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-12-18
Expiration
Max Pain Strike
Last Updated
2026-08-21
$15.00
8/21/2026, 11:27:05 PM
2026-09-18
$17.50
9/18/2026, 11:28:57 PM
2026-12-18NextUpdated
$10.00
10/2/2026, 11:22:49 PM
2027-03-19
$17.50
10/2/2026, 11:22:49 PM
Selected expiration: 2026-12-18 at max pain $10.00.
PRAA pain by strike for 2026-12-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
48500
48500
5
3000
36000
39000
7.5
6250
26250
32500
10
9500
16750
26250
12.5
21000
8250
29250
15
32500
4000
36500
17.5
44000
2000
46000
20
62250
0
62250
22.5
145250
0
145250
25
247250
0
247250
27.5
349250
0
349250
30
451500
0
451500
32.5
560250
0
560250
35
669000
0
669000
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.