This page reflects SAIL 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 — SAIL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $20.00 (0.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.15
±10.5%
Days to Expiry
14
Calendar days
Total Call OI
10,035
Nearest expiry
Total Put OI
7,924
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$20.43
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
$20.00
8/21/2026, 11:28:48 PM
2026-09-18
$20.00
9/18/2026, 11:28:24 PM
2026-10-16NextUpdated
$20.00
10/2/2026, 11:28:13 PM
2026-11-20
$20.00
10/2/2026, 11:28:13 PM
2026-12-18
$17.50
10/2/2026, 11:28:13 PM
2027-03-19
$17.50
10/2/2026, 11:28:13 PM
2027-09-17
$22.50
10/2/2026, 11:28:13 PM
Selected expiration: 2026-10-16 at max pain $20.00.
SAIL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
13789000
13789000
7.5
2000
9354000
9356000
10
3250
7136500
7139750
12.5
6250
4919000
4925250
15
9250
2702250
2711500
17.5
16500
588750
605250
20
41500
2500
44000
22.5
587500
500
588000
25
3075000
0
3075000
30
8584000
0
8584000
35
14119500
0
14119500
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.