This page reflects PSFE 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 — PSFE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $7.00 (1.61 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
±$0.05
±0.9%
Days to Expiry
14
Calendar days
Total Call OI
631
Nearest expiry
Total Put OI
251
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$5.39
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
$7.00
8/21/2026, 11:26:53 PM
2026-09-18
$7.00
9/18/2026, 11:28:04 PM
2026-10-16NextUpdated
$7.00
10/2/2026, 11:27:10 PM
2026-11-20
$7.00
10/2/2026, 11:27:10 PM
2027-01-15
$7.00
10/2/2026, 11:27:10 PM
2027-04-16
$6.00
10/2/2026, 11:27:10 PM
Selected expiration: 2026-10-16 at max pain $7.00.
PSFE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
95800
95800
3
200
70700
70900
5
600
30500
31100
6
800
13000
13800
7
4800
4500
9300
8
13900
3300
17200
9
37100
2200
39300
10
70000
1100
71100
11
102900
0
102900
12
146000
0
146000
13
192400
0
192400
14
240100
0
240100
15
288500
0
288500
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.