This page reflects PWR 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 — PWR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $640.00 (36.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$640.00
Nearest expiry
Expected Move
±$37.65
±5.6%
Days to Expiry
14
Calendar days
Total Call OI
4,030
Nearest expiry
Total Put OI
13,968
Nearest expiry
P/C OI Ratio
3.47
Put-heavy
Spot Price
$676.56
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
$650.00
8/21/2026, 11:27:54 PM
2026-09-18
$620.00
9/18/2026, 11:28:16 PM
2026-10-16NextUpdated
$640.00
10/2/2026, 11:26:26 PM
2026-11-20
$630.00
10/2/2026, 11:26:26 PM
2026-12-18
$760.00
10/2/2026, 11:26:26 PM
2027-01-15
$600.00
10/2/2026, 11:26:26 PM
2027-02-19
$610.00
10/2/2026, 11:26:26 PM
2027-03-19
$600.00
10/2/2026, 11:26:26 PM
2027-05-21
$650.00
10/2/2026, 11:26:26 PM
2027-06-17
$620.00
10/2/2026, 11:26:26 PM
2027-09-17
$540.00
10/2/2026, 11:26:26 PM
Selected expiration: 2026-10-16 at max pain $640.00.
PWR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
350
0
293297000
293297000
360
0
279330000
279330000
380
2000
251396000
251398000
390
3000
237429000
237432000
400
4000
223462000
223466000
420
8000
195556000
195564000
430
10000
181615000
181625000
440
12000
167691000
167703000
450
14000
153797000
153811000
460
43000
139952000
139995000
470
74000
126129000
126203000
480
106000
112315000
112421000
490
139000
98528000
98667000
500
172000
84770000
84942000
510
205000
71533000
71738000
520
238000
60072000
60310000
530
271000
48758000
49029000
540
305000
39158000
39463000
550
340000
30047000
30387000
560
379000
22212000
22591000
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.