This page reflects PSMT 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 — PSMT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $165.00 (5.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$7.17
±4.2%
Days to Expiry
14
Calendar days
Total Call OI
43
Nearest expiry
Total Put OI
305
Nearest expiry
P/C OI Ratio
7.09
Put-heavy
Spot Price
$170.68
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
$175.00
8/21/2026, 11:27:39 PM
2026-09-18
$160.00
9/18/2026, 11:24:23 PM
2026-10-16NextUpdated
$165.00
10/2/2026, 11:25:21 PM
2027-01-15
$175.00
10/2/2026, 11:25:21 PM
2027-04-16
$125.00
10/2/2026, 11:25:21 PM
Selected expiration: 2026-10-16 at max pain $165.00.
PSMT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
267000
267000
120
0
214000
214000
125
0
187500
187500
140
0
114000
114000
145
0
89500
89500
150
10500
65000
75500
155
21000
41500
62500
160
31500
28500
60000
165
42000
16500
58500
170
53000
9000
62000
175
64500
4500
69000
180
76500
3000
79500
185
92500
1500
94000
190
109500
0
109500
195
128000
0
128000
200
146500
0
146500
210
185500
0
185500
220
224500
0
224500
240
302500
0
302500
250
343500
0
343500
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.