This page reflects RMD 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 — RMD
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $230.00 (11.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$9.02
±4.1%
Days to Expiry
14
Calendar days
Total Call OI
2,140
Nearest expiry
Total Put OI
1,314
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$218.89
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
$220.00
8/21/2026, 11:28:37 PM
2026-09-18
$220.00
9/18/2026, 11:30:18 PM
2026-10-16NextUpdated
$230.00
10/2/2026, 11:23:44 PM
2026-11-20
$230.00
10/2/2026, 11:23:44 PM
2026-12-18
$220.00
10/2/2026, 11:23:44 PM
2027-01-15
$230.00
10/2/2026, 11:23:44 PM
2027-04-16
$220.00
10/2/2026, 11:23:44 PM
Selected expiration: 2026-10-16 at max pain $230.00.
RMD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
10838500
10838500
130
0
10188500
10188500
135
0
9539500
9539500
140
500
8891000
8891500
145
21000
8243000
8264000
150
81500
7595000
7676500
155
162500
6948000
7110500
160
243500
6303500
6547000
165
325000
5659000
5984000
170
406500
5014500
5421000
175
488000
4391500
4879500
180
569500
3776000
4345500
185
651000
3221500
3872500
190
732500
2756000
3488500
195
815000
2306000
3121000
200
898500
1867000
2765500
210
1082500
1175000
2257500
220
1311500
559000
1870500
230
1706500
137000
1843500
240
2280500
0
2280500
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.