This page reflects SFM 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 — SFM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $75.00 (10.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.80
±5.9%
Days to Expiry
14
Calendar days
Total Call OI
10,213
Nearest expiry
Total Put OI
5,017
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$64.47
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
$80.00
8/21/2026, 11:26:29 PM
2026-09-18
$75.00
9/18/2026, 11:25:45 PM
2026-10-16NextUpdated
$75.00
10/2/2026, 11:24:42 PM
2026-11-20
$70.00
10/2/2026, 11:24:42 PM
2026-12-18
$75.00
10/2/2026, 11:24:42 PM
2027-01-15
$85.00
10/2/2026, 11:24:42 PM
2027-03-19
$70.00
10/2/2026, 11:24:42 PM
Selected expiration: 2026-10-16 at max pain $75.00.
SFM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
12876500
12876500
45
5000
10368000
10373000
50
10000
7890500
7900500
55
15000
5423000
5438000
60
23500
3059000
3082500
65
35000
1312500
1347500
70
145000
402500
547500
75
468000
71000
539000
80
1312000
4000
1316000
85
2897500
3000
2900500
90
4770000
2000
4772000
95
6908000
1000
6909000
100
9312500
0
9312500
105
14254500
0
14254500
110
19214000
0
19214000
115
24175500
0
24175500
120
29156000
0
29156000
125
34138500
0
34138500
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.