This page reflects STNG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — STNG
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $77.50 (8.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$4.62
±5.3%
Days to Expiry
11
Calendar days
Total Call OI
11,216
Nearest expiry
Total Put OI
4,803
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$86.41
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
$77.50
8/21/2026, 11:28:28 PM
2026-09-18
$80.00
9/18/2026, 11:26:56 PM
2026-10-16NextUpdated
$77.50
10/5/2026, 11:32:01 PM
2026-11-20
$82.50
10/5/2026, 11:32:01 PM
2027-01-15
$67.50
10/5/2026, 11:32:01 PM
2027-04-16
$80.00
10/5/2026, 11:32:01 PM
2027-06-17
$60.00
10/5/2026, 11:32:01 PM
Selected expiration: 2026-10-16 at max pain $77.50.
STNG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
18046750
18046750
40
0
16846000
16846000
45
0
14444500
14444500
47.5
5000
13245500
13250500
50
10000
12050250
12060250
55
21500
9659750
9681250
60
34000
7269250
7303250
62.5
65250
6132000
6197250
65
96750
5009000
5105750
67.5
129250
4033500
4162750
70
163250
3102750
3266000
72.5
231750
2267500
2499250
75
339000
1481750
1820750
77.5
827250
907750
1735000
80
1411000
470500
1881500
82.5
2192750
209250
2402000
85
3715500
72000
3787500
87.5
5535000
15250
5550250
90
7463750
750
7464500
92.5
10087500
250
10087750
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.