This page reflects SGHC 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 — SGHC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $13.00 (1.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$0.73
±6.4%
Days to Expiry
14
Calendar days
Total Call OI
25,735
Nearest expiry
Total Put OI
16,163
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$11.25
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
$14.00
8/21/2026, 11:31:30 PM
2026-09-18
$13.00
9/18/2026, 11:31:59 PM
2026-10-16NextUpdated
$13.00
10/2/2026, 11:28:03 PM
2026-11-20
$11.00
10/2/2026, 11:28:03 PM
2026-12-18
$14.75
10/2/2026, 11:28:03 PM
2027-01-15
$13.00
10/2/2026, 11:28:03 PM
2027-04-16
$12.00
10/2/2026, 11:28:03 PM
Selected expiration: 2026-10-16 at max pain $13.00.
SGHC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
18996300
18996300
2
0
17380000
17380000
3
0
15763800
15763800
4
0
14147800
14147800
5
0
12531900
12531900
6
0
10916000
10916000
7
0
9300300
9300300
8
100
7689600
7689700
9
300
6083000
6083300
10
500
4480200
4480700
11
3800
3007400
3011200
12
12600
1558800
1571400
13
79500
132000
211500
14
309300
57100
366400
15
2517200
400
2517600
16
4878900
200
4879100
17
7345800
0
7345800
18
9867600
0
9867600
19
12424700
0
12424700
20
14982800
0
14982800
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.