This page reflects SII 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 — SII
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $130.00 (13.69 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$2.60
±2.2%
Days to Expiry
14
Calendar days
Total Call OI
205
Nearest expiry
Total Put OI
128
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$116.31
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
$110.00
8/21/2026, 11:32:12 PM
2026-09-18
$130.00
9/18/2026, 11:31:46 PM
2026-10-16NextUpdated
$130.00
10/2/2026, 11:30:56 PM
2026-11-20
$125.00
10/2/2026, 11:30:56 PM
2027-01-15
$125.00
10/2/2026, 11:30:56 PM
2027-02-19
$130.00
10/2/2026, 11:30:56 PM
2027-03-19
$145.00
10/2/2026, 11:30:56 PM
Selected expiration: 2026-10-16 at max pain $130.00.
SII pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
154500
154500
115
0
98000
98000
120
0
48500
48500
125
1500
21000
22500
130
8000
9000
17000
135
27500
0
27500
140
59000
0
59000
145
134000
0
134000
150
220000
0
220000
155
318000
0
318000
160
417000
0
417000
165
517000
0
517000
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.