This page reflects SG 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 — SG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $6.50 (2.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.50
Nearest expiry
Expected Move
±$0.62
±6.9%
Days to Expiry
7
Calendar days
Total Call OI
6,195
Nearest expiry
Total Put OI
712
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$9.10
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$7.00
9/25/2026, 11:25:27 PM
2026-10-02Updated
$8.00
10/2/2026, 11:30:23 PM
2026-10-09Next
$6.50
10/2/2026, 11:30:23 PM
2026-10-16
$6.00
10/2/2026, 11:30:23 PM
2026-10-23
$7.00
10/2/2026, 11:30:23 PM
2026-10-30
$7.00
10/2/2026, 11:30:23 PM
2026-11-06
$8.00
10/2/2026, 11:30:23 PM
2026-11-20
$7.00
10/2/2026, 11:30:23 PM
2027-01-15
$8.00
10/2/2026, 11:30:23 PM
2027-04-16
$7.00
10/2/2026, 11:30:23 PM
Selected expiration: 2026-10-09 at max pain $6.50.
SG pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1.5
0
485100
485100
2
200
449600
449800
2.5
450
414200
414650
3
800
378800
379600
3.5
1400
343400
344800
4
2350
308000
310350
4.5
3400
272600
276000
5
4800
237200
242000
5.5
6450
202000
208450
6
8200
167400
175600
6.5
10050
135200
145250
7
210850
105200
316050
7.5
462850
77100
539950
8
728600
51850
780450
8.5
1009150
33100
1042250
9
1297200
15350
1312550
9.5
1598250
0
1598250
10
1905650
0
1905650
10.5
2215300
0
2215300
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.