This page reflects REAX 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 — REAX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $2.50 (13.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$2.68
±16.3%
Days to Expiry
14
Calendar days
Total Call OI
2,638
Nearest expiry
Total Put OI
2,792
Nearest expiry
P/C OI Ratio
1.06
Put-heavy
Spot Price
$16.41
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
$2.00
8/21/2026, 11:29:13 PM
2026-09-18
$2.00
9/18/2026, 11:28:37 PM
2026-10-16NextUpdated
$2.50
10/2/2026, 11:28:39 PM
2026-11-20
$12.50
10/2/2026, 11:28:39 PM
2027-01-15
$1.50
10/2/2026, 11:28:39 PM
2027-04-16
$5.00
10/2/2026, 11:28:39 PM
Selected expiration: 2026-10-16 at max pain $2.50.
REAX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1288900
1288900
1
50
1149300
1149350
1.5
3350
1009700
1013050
2
6700
870100
876800
2.5
43700
735500
779200
5
229200
611250
840450
7.5
714950
487750
1202700
10
1213450
366750
1580200
12.5
1711950
247000
1958950
15
2212950
147250
2360200
17.5
2735450
69000
2804450
20
3318450
9500
3327950
22.5
3961200
1250
3962450
25
4604700
0
4604700
30
5914700
0
5914700
35
7228200
0
7228200
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.