This page reflects STRA 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 — STRA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (0.28 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.50
±4.4%
Days to Expiry
14
Calendar days
Total Call OI
785
Nearest expiry
Total Put OI
294
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$79.72
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
$80.00
8/21/2026, 11:28:28 PM
2026-09-18
$80.00
9/18/2026, 11:29:52 PM
2026-10-16NextUpdated
$80.00
10/2/2026, 11:30:22 PM
2026-11-20
$80.00
10/2/2026, 11:30:22 PM
2027-01-15
$85.00
10/2/2026, 11:30:22 PM
2027-04-16
$80.00
10/2/2026, 11:30:22 PM
Selected expiration: 2026-10-16 at max pain $80.00.
STRA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
675000
675000
50
1000
437000
438000
60
2000
200000
202000
65
2500
124500
127000
70
4000
62500
66500
75
10500
31000
41500
80
19500
9000
28500
85
106000
1000
107000
90
360000
0
360000
95
636500
0
636500
100
928500
0
928500
105
1315000
0
1315000
110
1707000
0
1707000
115
2099000
0
2099000
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.