What is SPOT max pain this week?

SPOT max pain for the nearest expiration (2026-10-09) is $510.00. Total call open interest: 1,134. Total put open interest: 1,307.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options SPOTMax Pain

SPOT

Spotify Technology S.A.Close $472.89EOD only

Max Pain

$510.00

Next expiry Oct 9, 2026

Expected Move

±$19.60

4.1% from close

Price Gap

+37.11

Distance to max pain

IV Rank

Low premium

P/C OI

0.95

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects SPOT 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 — SPOT

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $510.00 (37.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$510.00

Nearest expiry

Expected Move

±$19.60

±4.1%

Days to Expiry

Calendar days

Total Call OI

1,134

Nearest expiry

Total Put OI

1,307

Nearest expiry

P/C OI Ratio

1.15

Put-heavy

Spot Price

$472.89

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	$510.00	9/25/2026, 11:28:25 PM
2026-10-02Updated	$500.00	10/2/2026, 11:31:58 PM
2026-10-09Next	$510.00	10/2/2026, 11:31:58 PM
2026-10-16	$500.00	10/2/2026, 11:31:58 PM
2026-10-23	$505.00	10/2/2026, 11:31:58 PM
2026-10-30	$510.00	10/2/2026, 11:31:58 PM
2026-11-06	$500.00	10/2/2026, 11:31:58 PM
2026-11-20	$500.00	10/2/2026, 11:31:58 PM
2026-12-18	$500.00	10/2/2026, 11:31:58 PM
2027-01-15	$540.00	10/2/2026, 11:31:58 PM
2027-03-19	$500.00	10/2/2026, 11:31:58 PM
2027-04-16	$540.00	10/2/2026, 11:31:58 PM
2027-06-17	$500.00	10/2/2026, 11:31:58 PM
2027-09-17	$580.00	10/2/2026, 11:31:58 PM

Selected expiration: 2026-10-09 at max pain $510.00.

SPOT pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
300	0	22033000	22033000
310	2000	20734000	20736000
320	4000	19444000	19448000
330	6000	18163000	18169000
350	10000	15617000	15627000
360	12000	14357000	14369000
365	13000	13729500	13742500
370	14000	13105500	13119500
390	18000	10613500	10631500
400	20000	9368500	9388500
410	24000	8123500	8147500
415	26000	7528000	7554000
420	28000	6933000	6961000
425	32500	6340000	6372500
430	37000	5764000	5801000
435	49500	5206000	5255500
440	62500	4655500	4718000
445	77000	4112000	4189000
450	91500	3580000	3671500
455	106000	3101000	3207000

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.