This page reflects PSA 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 — PSA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $300.00 (16.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$300.00
Nearest expiry
Expected Move
±$11.17
±3.9%
Days to Expiry
14
Calendar days
Total Call OI
630
Nearest expiry
Total Put OI
717
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$283.81
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
$320.00
8/21/2026, 11:28:51 PM
2026-09-18
$300.00
9/18/2026, 11:23:03 PM
2026-10-16NextUpdated
$300.00
10/2/2026, 11:26:03 PM
2026-11-20
$290.00
10/2/2026, 11:26:03 PM
2026-12-18
$300.00
10/2/2026, 11:26:03 PM
2027-03-19
$300.00
10/2/2026, 11:26:03 PM
2027-05-21
$280.00
10/2/2026, 11:26:03 PM
Selected expiration: 2026-10-16 at max pain $300.00.
PSA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
250
0
2088000
2088000
260
0
1389000
1389000
270
0
718000
718000
280
0
322000
322000
290
4000
120000
124000
300
34000
16000
50000
310
359000
3000
362000
320
907000
0
907000
330
1507000
0
1507000
340
2128000
0
2128000
350
2757000
0
2757000
400
5902000
0
5902000
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.