This page reflects Q options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — Q
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $130.00 (1.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$8.85
±6.7%
Days to Expiry
11
Calendar days
Total Call OI
4,691
Nearest expiry
Total Put OI
20,814
Nearest expiry
P/C OI Ratio
4.44
Put-heavy
Spot Price
$131.53
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
$130.00
8/21/2026, 11:27:28 PM
2026-09-18
$125.00
9/18/2026, 11:26:58 PM
2026-10-16NextUpdated
$130.00
10/5/2026, 11:27:01 PM
2026-11-20
$130.00
10/5/2026, 11:27:01 PM
2026-12-18
$140.00
10/5/2026, 11:27:01 PM
2027-02-19
$140.00
10/5/2026, 11:27:01 PM
2027-05-21
$115.00
10/5/2026, 11:27:01 PM
Selected expiration: 2026-10-16 at max pain $130.00.
Q pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
65580500
65580500
75
0
55182000
55182000
80
0
44786500
44786500
85
500
34393000
34393500
90
1500
24048000
24049500
95
12500
16472000
16484500
100
26000
8920500
8946500
105
46500
6349500
6396000
110
69500
3913000
3982500
115
105500
1554500
1660000
120
185000
1138500
1323500
125
295000
810000
1105000
130
506000
536000
1042000
135
882000
400500
1282500
140
1642500
319500
1962000
145
2832000
249000
3081000
150
4111000
208500
4319500
155
5575000
174500
5749500
160
7085000
142500
7227500
165
8617000
113500
8730500
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.