This page reflects SNEX 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 — SNEX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $70.00 (4.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.10
±7.8%
Days to Expiry
14
Calendar days
Total Call OI
1,212
Nearest expiry
Total Put OI
326
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$65.81
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
$85.00
8/21/2026, 11:32:51 PM
2026-09-18
$65.00
9/18/2026, 11:29:12 PM
2026-10-16NextUpdated
$70.00
10/2/2026, 11:27:49 PM
2026-11-20
$65.00
10/2/2026, 11:27:49 PM
2026-12-18
$100.00
10/2/2026, 11:27:49 PM
2027-01-15
$70.00
10/2/2026, 11:27:49 PM
2027-04-16
$60.00
10/2/2026, 11:27:49 PM
Selected expiration: 2026-10-16 at max pain $70.00.
SNEX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
1085000
1085000
55
0
923000
923000
60
500
792000
792500
65
1500
683000
684500
70
20000
601500
621500
75
191000
529000
720000
80
589000
457000
1046000
85
993000
386500
1379500
90
1398500
316000
1714500
95
1804000
246500
2050500
100
2209500
177000
2386500
105
2616500
132500
2749000
110
3026500
91000
3117500
115
3442500
56000
3498500
120
3868000
28500
3896500
125
4329000
12000
4341000
130
4807000
6500
4813500
135
5308000
2500
5310500
140
5819000
1000
5820000
145
6361000
500
6361500
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.