This page reflects SPG 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 — SPG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $210.00 (9.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$6.60
±3.3%
Days to Expiry
14
Calendar days
Total Call OI
3,933
Nearest expiry
Total Put OI
4,211
Nearest expiry
P/C OI Ratio
1.07
Put-heavy
Spot Price
$200.95
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
$220.00
8/21/2026, 11:30:59 PM
2026-09-18
$200.00
9/18/2026, 11:28:25 PM
2026-10-16NextUpdated
$210.00
10/2/2026, 11:30:16 PM
2026-11-20
$200.00
10/2/2026, 11:30:16 PM
2026-12-18
$210.00
10/2/2026, 11:30:16 PM
2027-01-15
$200.00
10/2/2026, 11:30:16 PM
2027-03-19
$200.00
10/2/2026, 11:30:16 PM
2027-04-16
$185.00
10/2/2026, 11:30:16 PM
2027-06-17
$220.00
10/2/2026, 11:30:16 PM
2027-09-17
$190.00
10/2/2026, 11:30:16 PM
Selected expiration: 2026-10-16 at max pain $210.00.
SPG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
35747000
35747000
120
0
33644000
33644000
125
0
31541500
31541500
130
0
29440000
29440000
140
0
25240000
25240000
145
0
23148000
23148000
150
0
21061500
21061500
155
0
18978000
18978000
160
0
16905000
16905000
165
0
14832000
14832000
170
0
12769000
12769000
175
0
10726500
10726500
180
2000
8748000
8750000
185
4500
6788000
6792500
190
9000
4854500
4863500
195
13500
3222000
3235500
200
23000
1717000
1740000
210
334000
22000
356000
220
1933000
4000
1937000
230
4178000
2000
4180000
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.