This page reflects SATS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 20, 2026 close
Max Pain — SATS
Data as of market close Oct 20, 2026
Nearest listed expiration 2026-12-18 shows max pain at $125.00 (30.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
-
Range by options
Days to Expiry
-
Calendar days
Total Call OI
97,968
Nearest expiry
Total Put OI
75,661
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$94.61
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-12-18
Expiration
Max Pain Strike
Last Updated
2026-09-18
$115.00
6/30/2026, 11:36:12 PM
2026-10-16
$130.00
6/30/2026, 11:36:12 PM
2026-12-18NextUpdated
$125.00
10/20/2026, 11:24:51 PM
2027-01-15
$105.00
10/20/2026, 11:24:51 PM
Selected expiration: 2026-12-18 at max pain $125.00.
SATS pain by strike for 2026-12-18 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
711135100
711135100
10
200
696010300
696010500
13
800
673348000
673348800
15
1400
658244400
658245800
18
2300
635589300
635591600
20
3100
620485900
620489000
22
6300
605382500
605388800
25
23100
582730700
582753800
27
38100
567629700
567667800
30
69600
544980300
545049900
32
122200
529892700
530014900
35
201100
507265500
507466600
37
296900
492180700
492477600
40
479900
469553500
470033400
42
601900
454476900
455078800
45
824500
431863500
432688000
47
972900
416788500
417761400
50
1195500
394176000
395371500
55
1580000
356502500
358082500
60
1966500
318831000
320797500
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.