This page reflects SPGI 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 — SPGI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $420.00 (33.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$420.00
Nearest expiry
Expected Move
±$4.30
±1.1%
Days to Expiry
7
Calendar days
Total Call OI
735
Nearest expiry
Total Put OI
1,082
Nearest expiry
P/C OI Ratio
1.47
Put-heavy
Spot Price
$386.27
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$407.50
9/25/2026, 11:27:24 PM
2026-10-02Updated
$400.00
10/2/2026, 11:31:57 PM
2026-10-09Next
$420.00
10/2/2026, 11:31:57 PM
2026-10-16
$410.00
10/2/2026, 11:31:57 PM
2026-10-23
$430.00
10/2/2026, 11:31:57 PM
2026-10-30
$400.00
10/2/2026, 11:31:57 PM
2026-11-06
$400.00
10/2/2026, 11:31:57 PM
2026-11-20
$430.00
10/2/2026, 11:31:57 PM
2026-12-18
$430.00
10/2/2026, 11:31:57 PM
2027-01-15
$460.00
10/2/2026, 11:31:57 PM
2027-02-19
$410.00
10/2/2026, 11:31:57 PM
2027-03-19
$420.00
10/2/2026, 11:31:57 PM
2027-05-21
$430.00
10/2/2026, 11:31:57 PM
2027-06-17
$420.00
10/2/2026, 11:31:57 PM
2027-09-17
$410.00
10/2/2026, 11:31:57 PM
Selected expiration: 2026-10-09 at max pain $420.00.
SPGI pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
9374750
9374750
330
0
6008750
6008750
340
0
4890750
4890750
345
0
4331750
4331750
350
0
3777750
3777750
355
500
3244750
3245250
360
1000
2732250
2733250
365
1500
2268750
2270250
370
2000
1848250
1850250
372.5
2250
1646500
1648750
375
2500
1445000
1447500
377.5
2750
1255250
1258000
380
3000
1067000
1070000
382.5
3500
909750
913250
385
5000
762000
767000
387.5
23250
641000
664250
390
41500
525500
567000
392.5
60500
457000
517500
395
81000
389250
470250
397.5
102000
337500
439500
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.