This page reflects SEZL 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 — SEZL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $115.00 (7.59 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$10.07
±9.4%
Days to Expiry
14
Calendar days
Total Call OI
2,736
Nearest expiry
Total Put OI
3,728
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$107.41
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
$115.00
8/21/2026, 11:29:14 PM
2026-09-18
$110.00
9/18/2026, 11:26:40 PM
2026-10-16NextUpdated
$115.00
10/2/2026, 11:28:16 PM
2026-11-20
$125.00
10/2/2026, 11:28:16 PM
2026-12-18
$95.00
10/2/2026, 11:28:16 PM
2027-01-15
$75.00
10/2/2026, 11:28:16 PM
2027-02-19
$110.00
10/2/2026, 11:28:16 PM
2027-03-19
$110.00
10/2/2026, 11:28:16 PM
2027-04-16
$110.00
10/2/2026, 11:28:16 PM
2027-05-21
$120.00
10/2/2026, 11:28:16 PM
Selected expiration: 2026-10-16 at max pain $115.00.
SEZL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
23683000
23683000
35
0
21833000
21833000
40
500
19983000
19983500
45
1000
18133000
18134000
50
2500
16283000
16285500
55
4500
14433000
14437500
60
7500
12623000
12630500
65
12500
10814000
10826500
70
28500
9005000
9033500
75
46500
7214000
7260500
80
64500
5429000
5493500
85
91500
4583000
4674500
90
148500
3745500
3894000
95
208500
2934000
3142500
100
272000
2174500
2446500
105
473000
1675000
2148000
110
719500
1252000
1971500
115
1029000
983000
2012000
120
1418500
773000
2191500
125
1966000
635500
2601500
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.