This page reflects S 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 — S
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $22.50 (2.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$1.43
±5.7%
Days to Expiry
7
Calendar days
Total Call OI
5,426
Nearest expiry
Total Put OI
482
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$25.06
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$23.00
9/25/2026, 11:24:42 PM
2026-10-02Updated
$23.00
10/2/2026, 11:25:56 PM
2026-10-09Next
$22.50
10/2/2026, 11:25:56 PM
2026-10-16
$22.00
10/2/2026, 11:25:56 PM
2026-10-23
$21.00
10/2/2026, 11:25:56 PM
2026-10-30
$20.00
10/2/2026, 11:25:56 PM
2026-11-06
$21.00
10/2/2026, 11:25:56 PM
2026-11-20
$23.00
10/2/2026, 11:25:56 PM
2026-12-18
$17.00
10/2/2026, 11:25:56 PM
2027-01-15
$15.00
10/2/2026, 11:25:56 PM
2027-03-19
$20.00
10/2/2026, 11:25:56 PM
Selected expiration: 2026-10-09 at max pain $22.50.
S pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
371900
371900
14
600
323700
324300
15.5
1800
251400
253200
16
2200
227350
229550
16.5
2650
203500
206150
17
3100
180200
183300
17.5
3550
157500
161050
18
4000
136500
140500
18.5
5650
118150
123800
19
7300
99950
107250
19.5
9050
84900
93950
20
11400
70000
81400
20.5
14750
56750
71500
21
18350
43750
62100
21.5
23150
32550
55700
22
28400
21750
50150
22.5
34700
12750
47450
23
42700
5100
47800
23.5
57450
3250
60700
24
76300
1900
78200
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.