Strategy Inc - 10.00% Series A Close $103.40EOD only
Max Pain
$100.00
Next expiry Oct 16, 2026
Expected Move
±$16.30
15.8% from close
Price Gap
-3.40
Distance to max pain
IV Rank
15
Low premium
P/C OI
0.95
Balanced positioning
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects STRF 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 — STRF
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $100.00 (3.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$16.30
±15.8%
Days to Expiry
14
Calendar days
Total Call OI
354
Nearest expiry
Total Put OI
325
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$103.40
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
$95.00
8/21/2026, 11:31:55 PM
2026-09-18
$100.00
9/18/2026, 11:28:54 PM
2026-10-16NextUpdated
$100.00
10/2/2026, 11:32:12 PM
2027-01-15
$95.00
10/2/2026, 11:32:12 PM
2027-04-16
$100.00
10/2/2026, 11:32:12 PM
Selected expiration: 2026-10-16 at max pain $100.00.
STRF pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
915000
915000
65
25000
770000
795000
75
75000
482000
557000
80
100000
338500
438500
85
125000
195000
320000
90
150000
87500
237500
95
177000
37000
214000
100
208000
4500
212500
105
257000
2000
259000
110
371500
500
372000
115
542500
0
542500
135
1226500
0
1226500
140
1403000
0
1403000
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.