This page reflects RF 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 — RF
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $29.00 (1.90 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$29.00
Nearest expiry
Expected Move
±$1.57
±5.8%
Days to Expiry
14
Calendar days
Total Call OI
4,710
Nearest expiry
Total Put OI
1,634
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$27.10
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
$30.00
8/21/2026, 11:29:47 PM
2026-09-18
$27.00
9/18/2026, 11:27:42 PM
2026-10-16NextUpdated
$29.00
10/2/2026, 11:26:27 PM
2026-11-20
$28.00
10/2/2026, 11:26:27 PM
2026-12-18
$28.00
10/2/2026, 11:26:27 PM
2027-01-15
$27.00
10/2/2026, 11:26:27 PM
2027-02-19
$30.00
10/2/2026, 11:26:27 PM
2027-03-19
$29.00
10/2/2026, 11:26:27 PM
2027-05-21
$29.00
10/2/2026, 11:26:27 PM
2027-06-17
$30.00
10/2/2026, 11:26:27 PM
2027-09-17
$28.00
10/2/2026, 11:26:27 PM
Selected expiration: 2026-10-16 at max pain $29.00.
RF pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
23
0
285300
285300
24
0
202400
202400
25
0
140000
140000
26
0
79200
79200
27
200
43700
43900
28
3400
15600
19000
29
11000
4800
15800
30
75700
0
75700
31
209800
0
209800
32
641200
0
641200
33
1101100
0
1101100
34
1570300
0
1570300
35
2039800
0
2039800
36
2509900
0
2509900
37
2980900
0
2980900
38
3451900
0
3451900
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.