thetaOwl

SO

Southern Company (The)Close $83.72EOD only
Max Pain
$84.00
Next expiry Oct 9, 2026
Expected Move
±$1.62
1.9% from close
Price Gap
+0.28
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.72
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects SO 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 — SO
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $84.00 (0.28 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$84.00
Nearest expiry
Expected Move
±$1.62
±1.9%
Days to Expiry
7
Calendar days
Total Call OI
2,108
Nearest expiry
Total Put OI
588
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$83.72
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$84.009/25/2026, 11:30:22 PM
2026-10-02Updated$83.0010/2/2026, 11:30:03 PM
2026-10-09Next$84.0010/2/2026, 11:30:03 PM
2026-10-16$85.0010/2/2026, 11:30:03 PM
2026-10-23$88.0010/2/2026, 11:30:03 PM
2026-10-30$86.0010/2/2026, 11:30:03 PM
2026-11-06$83.0010/2/2026, 11:30:03 PM
2026-11-20$90.0010/2/2026, 11:30:03 PM
2026-12-18$90.0010/2/2026, 11:30:03 PM
2027-01-15$87.5010/2/2026, 11:30:03 PM
2027-02-19$90.0010/2/2026, 11:30:03 PM
2027-03-19$87.5010/2/2026, 11:30:03 PM
2027-05-21$82.5010/2/2026, 11:30:03 PM
2027-06-17$90.0010/2/2026, 11:30:03 PM
2027-09-17$85.0010/2/2026, 11:30:03 PM
Selected expiration: 2026-10-09 at max pain $84.00.
SO pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
50017029001702900
5550014089001409400
652500820900823400
704000526900530900
756500232900239400
777700115700123400
7884007220080600
7991005000059100
8098003600045800
81105002510035600
82115001650028000
8313700890022600
8417200410021300
8550900130052200
86100200500100700
871537000153700
882086000208600
894049000404900
906025000602500
918008000800800
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.