This page reflects SEPN 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 — SEPN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $30.00 (7.71 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$2.50
±6.6%
Days to Expiry
14
Calendar days
Total Call OI
141
Nearest expiry
Total Put OI
23
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$37.71
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
$35.00
8/21/2026, 11:26:12 PM
2026-09-18
$40.00
9/18/2026, 11:28:42 PM
2026-10-16NextUpdated
$30.00
10/2/2026, 11:27:33 PM
2027-01-15
$37.00
10/2/2026, 11:27:33 PM
2027-04-16
$33.00
10/2/2026, 11:27:33 PM
Selected expiration: 2026-10-16 at max pain $30.00.
SEPN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
26900
26900
21
0
24600
24600
22
100
22300
22400
23
200
20100
20300
24
300
17900
18200
25
400
15700
16100
26
500
13900
14400
27
600
12400
13000
28
700
11100
11800
29
800
10000
10800
30
900
9000
9900
31
2100
8000
10100
32
4300
7000
11300
33
6500
6000
12500
35
20900
4000
24900
37
35900
2000
37900
38
43500
1000
44500
39
51100
500
51600
40
62700
0
62700
42
86500
0
86500
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.