thetaOwl

SAM

Boston Beer Company, Inc. (The)Close $167.50EOD only
Max Pain
$165.00
Next expiry Oct 16, 2026
Expected Move
±$9.60
5.7% from close
Price Gap
-2.50
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.12
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects SAM 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 — SAM
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-16 shows max pain at $165.00 (2.50 below 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
±$9.60
±5.7%
Days to Expiry
14
Calendar days
Total Call OI
297
Nearest expiry
Total Put OI
131
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$167.50
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-16
ExpirationMax Pain StrikeLast Updated
2026-08-21$175.008/21/2026, 11:28:23 PM
2026-09-18$175.009/18/2026, 11:32:04 PM
2026-10-16NextUpdated$165.0010/2/2026, 11:24:29 PM
2026-11-20$180.0010/2/2026, 11:24:29 PM
2026-12-18$180.0010/2/2026, 11:24:29 PM
2027-03-19$150.0010/2/2026, 11:24:29 PM
Selected expiration: 2026-10-16 at max pain $165.00.
SAM pain by strike for 2026-10-16 expiration
StrikeCall PainPut PainTotal Pain
1300364000364000
1350300000300000
1400237000237000
1450176000176000
1500115500115500
15515006600067500
16030003450037500
165160002200038000
170320001150043500
17573500650080000
1801280003500131500
1852085001500210000
1903140000314000
1954385000438500
2005740000574000
2108600000860000
220115600001156000
230145300001453000
260234400002344000
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.