This page reflects PSX 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 — PSX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $260.00 (4.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$11.55
±4.4%
Days to Expiry
7
Calendar days
Total Call OI
1,065
Nearest expiry
Total Put OI
1,179
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$264.58
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$257.50
9/25/2026, 11:30:08 PM
2026-10-02Updated
$260.00
10/2/2026, 11:27:57 PM
2026-10-09Next
$260.00
10/2/2026, 11:27:57 PM
2026-10-16
$230.00
10/2/2026, 11:27:57 PM
2026-10-23
$250.00
10/2/2026, 11:27:57 PM
2026-10-30
$240.00
10/2/2026, 11:27:57 PM
2026-11-06
$275.00
10/2/2026, 11:27:57 PM
2026-11-20
$220.00
10/2/2026, 11:27:57 PM
2026-12-18
$220.00
10/2/2026, 11:27:57 PM
2027-01-15
$170.00
10/2/2026, 11:27:57 PM
2027-02-19
$230.00
10/2/2026, 11:27:57 PM
2027-03-19
$230.00
10/2/2026, 11:27:57 PM
2027-05-21
$180.00
10/2/2026, 11:27:57 PM
2027-06-17
$220.00
10/2/2026, 11:27:57 PM
2027-08-20
$185.00
10/2/2026, 11:27:57 PM
2027-09-17
$220.00
10/2/2026, 11:27:57 PM
Selected expiration: 2026-10-09 at max pain $260.00.
PSX pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
11025500
11025500
165
0
9260000
9260000
195
3000
5729000
5732000
205
5000
4552000
4557000
210
6000
3964500
3970500
215
7000
3378000
3385000
220
8000
2841500
2849500
225
10500
2305000
2315500
227.5
11750
2048500
2060250
230
14000
1793250
1807250
232.5
16500
1593750
1610250
235
19000
1394500
1413500
237.5
21500
1219000
1240500
240
24500
1046500
1071000
242.5
29500
900250
929750
245
34500
755000
789500
247.5
45500
628750
674250
250
57500
507000
564500
252.5
79750
410500
490250
255
102500
319750
422250
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.