This page reflects STM 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 — STM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $52.00 (5.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.00
Nearest expiry
Expected Move
±$1.65
±2.9%
Days to Expiry
7
Calendar days
Total Call OI
1,512
Nearest expiry
Total Put OI
2,349
Nearest expiry
P/C OI Ratio
1.55
Put-heavy
Spot Price
$57.26
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
$50.00
9/25/2026, 11:30:55 PM
2026-10-02Updated
$51.00
10/2/2026, 11:28:59 PM
2026-10-09Next
$52.00
10/2/2026, 11:28:59 PM
2026-10-16
$54.00
10/2/2026, 11:28:59 PM
2026-10-23
$53.00
10/2/2026, 11:28:59 PM
2026-10-30
$52.00
10/2/2026, 11:28:59 PM
2026-11-20
$47.00
10/2/2026, 11:28:59 PM
2027-01-15
$55.00
10/2/2026, 11:28:59 PM
2027-04-16
$55.00
10/2/2026, 11:28:59 PM
Selected expiration: 2026-10-09 at max pain $52.00.
STM pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
39
0
1279650
1279650
40
0
1046850
1046850
41
0
814250
814250
42
0
583650
583650
44
0
312450
312450
45
0
261750
261750
46
200
211350
211550
47
1800
163450
165250
48
4900
119150
124050
49
8100
76550
84650
49.5
10450
61650
72100
50
12800
46900
59700
51
20800
26500
47300
52
29200
8200
37400
53
49400
3300
52700
54
78900
1200
80100
55
114500
500
115000
56
156900
400
157300
57
202700
300
203000
58
252900
200
253100
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.