This page reflects SNDX 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 — SNDX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $19.00 (1.40 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$2.47
±14.1%
Days to Expiry
14
Calendar days
Total Call OI
4,344
Nearest expiry
Total Put OI
661
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$17.60
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
$20.00
8/21/2026, 11:27:02 PM
2026-09-18
$22.00
9/18/2026, 11:29:22 PM
2026-10-16NextUpdated
$19.00
10/2/2026, 11:29:03 PM
2026-11-20
$20.00
10/2/2026, 11:29:03 PM
2027-01-15
$15.00
10/2/2026, 11:29:03 PM
2027-04-16
$20.00
10/2/2026, 11:29:03 PM
Selected expiration: 2026-10-16 at max pain $19.00.
SNDX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
450900
450900
11
100
384800
384900
12
200
318800
319000
13
300
265400
265700
15
500
158600
159100
16
600
116800
117400
17
700
77600
78300
18
3900
54600
58500
19
9200
36500
45700
20
28100
23000
51100
21
75600
13000
88600
22
202100
7300
209400
23
380100
3100
383200
24
571700
1500
573200
25
763800
0
763800
26
1192000
0
1192000
27
1620300
0
1620300
28
2049500
0
2049500
30
2908300
0
2908300
40
7252300
0
7252300
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.