This page reflects STLA 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 — STLA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $1.50 (2.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1.50
Nearest expiry
Expected Move
±$0.28
±6.3%
Days to Expiry
7
Calendar days
Total Call OI
1,291
Nearest expiry
Total Put OI
359
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$4.40
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
$4.50
9/25/2026, 11:27:28 PM
2026-10-02Updated
$2.50
10/2/2026, 11:30:05 PM
2026-10-09Next
$1.50
10/2/2026, 11:30:05 PM
2026-10-16
$5.00
10/2/2026, 11:30:05 PM
2026-10-23
$1.00
10/2/2026, 11:30:05 PM
2026-10-30
$4.50
10/2/2026, 11:30:05 PM
2026-11-06
$0.50
10/2/2026, 11:30:05 PM
2026-11-20
$4.00
10/2/2026, 11:30:05 PM
2026-12-18
$5.00
10/2/2026, 11:30:05 PM
2027-01-15
$6.00
10/2/2026, 11:30:05 PM
2027-03-19
$6.00
10/2/2026, 11:30:05 PM
2027-06-17
$8.00
10/2/2026, 11:30:05 PM
Selected expiration: 2026-10-09 at max pain $1.50.
STLA pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
157600
157600
1.5
14250
136800
151050
2
38550
116000
154550
2.5
74600
95250
169850
3
115150
74550
189700
3.5
156250
53850
210100
4
197800
33200
231000
4.5
240700
15700
256400
5
344700
7150
351850
5.5
460900
3550
464450
6
579450
3150
582600
6.5
703150
2750
705900
7
827200
2350
829550
7.5
951250
1950
953200
8
1075400
1550
1076950
8.5
1199600
1150
1200750
9
1324100
750
1324850
9.5
1448650
400
1449050
10
1573200
150
1573350
10.5
1697950
0
1697950
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.