This page reflects QS 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 — QS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $5.00 (0.43 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.28
±6.0%
Days to Expiry
7
Calendar days
Total Call OI
4,656
Nearest expiry
Total Put OI
1,929
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$4.57
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
$5.00
9/25/2026, 11:25:43 PM
2026-10-02Updated
$5.00
10/2/2026, 11:25:59 PM
2026-10-09Next
$5.00
10/2/2026, 11:25:59 PM
2026-10-16
$5.00
10/2/2026, 11:25:59 PM
2026-10-23
$4.50
10/2/2026, 11:25:59 PM
2026-10-30
$1.50
10/2/2026, 11:25:59 PM
2026-11-06
$4.00
10/2/2026, 11:25:59 PM
2026-11-20
$5.00
10/2/2026, 11:25:59 PM
2027-01-15
$5.00
10/2/2026, 11:25:59 PM
2027-02-19
$5.00
10/2/2026, 11:25:59 PM
2027-05-21
$6.00
10/2/2026, 11:25:59 PM
Selected expiration: 2026-10-09 at max pain $5.00.
QS pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
724450
724450
1.5
3150
628000
631150
2
7200
531550
538750
2.5
11750
435100
446850
3
16400
338650
355050
3.5
21500
242200
263700
4
26950
147000
173950
4.5
34600
55950
90550
5
55650
6300
61950
5.5
151500
1850
153350
6
279000
450
279450
6.5
435500
100
435600
7
610550
50
610600
7.5
802350
0
802350
8
1006450
0
1006450
9
1466450
0
1466450
9.5
1698950
0
1698950
10
1931450
0
1931450
10.5
2163950
0
2163950
11
2396450
0
2396450
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.