Raymond James Financial, Inc.Close $158.21EOD only
Max Pain
$165.00
Next expiry Oct 16, 2026
Expected Move
±$7.60
4.8% from close
Price Gap
+6.79
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.63
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects RJF 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 — RJF
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $165.00 (6.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$7.60
±4.8%
Days to Expiry
14
Calendar days
Total Call OI
1,532
Nearest expiry
Total Put OI
877
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$158.21
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
$160.00
8/21/2026, 11:29:23 PM
2026-09-18
$170.00
9/18/2026, 11:25:57 PM
2026-10-16NextUpdated
$165.00
10/2/2026, 11:28:00 PM
2026-11-20
$165.00
10/2/2026, 11:28:00 PM
2027-01-15
$165.00
10/2/2026, 11:28:00 PM
2027-02-19
$165.00
10/2/2026, 11:28:00 PM
2027-05-21
$155.00
10/2/2026, 11:28:00 PM
Selected expiration: 2026-10-16 at max pain $165.00.
RJF pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
2783000
2783000
130
1000
2345000
2346000
135
4000
1907000
1911000
140
7000
1472000
1479000
145
10000
1042500
1052500
150
13000
628000
641000
155
17000
332000
349000
160
23500
179000
202500
165
63000
55500
118500
170
194500
12500
207000
175
415500
0
415500
180
675000
0
675000
185
1010500
0
1010500
190
1353500
0
1353500
200
2060500
0
2060500
210
3092500
0
3092500
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.