This page reflects SION 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 — SION
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $10.00 (5.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.80
±16.3%
Days to Expiry
14
Calendar days
Total Call OI
2,653
Nearest expiry
Total Put OI
1,051
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$4.91
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
$5.00
8/21/2026, 11:29:55 PM
2026-09-18
$35.00
9/18/2026, 11:28:50 PM
2026-10-16NextUpdated
$10.00
10/2/2026, 11:31:04 PM
2026-11-20
$5.00
10/2/2026, 11:31:04 PM
2027-01-15
$7.50
10/2/2026, 11:31:04 PM
2027-04-16
$5.00
10/2/2026, 11:31:04 PM
Selected expiration: 2026-10-16 at max pain $10.00.
SION pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2755500
2755500
5
0
2492750
2492750
7.5
5500
2289000
2294500
10
113750
2086750
2200500
12.5
343750
1884500
2228250
17.5
804250
1480000
2284250
20
1212750
1277750
2490500
22.5
1621500
1075500
2697000
25
2030500
874000
2904500
30
2848500
471000
3319500
35
3666500
235500
3902000
40
4484500
0
4484500
45
5302500
0
5302500
50
6373500
0
6373500
55
7444500
0
7444500
60
8769000
0
8769000
65
10093500
0
10093500
70
11418000
0
11418000
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.