This page reflects RMBS 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 — RMBS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (21.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$11.15
±10.0%
Days to Expiry
14
Calendar days
Total Call OI
8,758
Nearest expiry
Total Put OI
3,569
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$111.97
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
$100.00
8/21/2026, 11:31:41 PM
2026-09-18
$85.00
9/18/2026, 11:30:31 PM
2026-10-16NextUpdated
$90.00
10/2/2026, 11:26:32 PM
2026-11-20
$100.00
10/2/2026, 11:26:32 PM
2027-01-15
$95.00
10/2/2026, 11:26:32 PM
2027-02-19
$100.00
10/2/2026, 11:26:32 PM
2027-05-21
$105.00
10/2/2026, 11:26:32 PM
Selected expiration: 2026-10-16 at max pain $90.00.
RMBS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
9218500
9218500
55
5000
7469500
7474500
60
10000
5723500
5733500
65
15000
4088500
4103500
70
24000
2556000
2580000
75
42000
1905000
1947000
80
61500
1329000
1390500
85
115000
879000
994000
90
342000
524000
866000
95
802500
242500
1045000
100
1441500
120000
1561500
105
3027500
54000
3081500
110
5249500
24000
5273500
115
7775000
16000
7791000
120
10852500
9500
10862000
125
14631500
5500
14637000
130
18597000
3000
18600000
135
22681000
500
22681500
140
26866500
0
26866500
145
31191000
0
31191000
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.