This page reflects STZ 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 — STZ
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $122.00 (9.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$122.00
Nearest expiry
Expected Move
±$3.08
±2.7%
Days to Expiry
7
Calendar days
Total Call OI
2,051
Nearest expiry
Total Put OI
1,706
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$112.87
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
$119.00
9/25/2026, 11:26:00 PM
2026-10-02Updated
$115.00
10/2/2026, 11:30:58 PM
2026-10-09Next
$122.00
10/2/2026, 11:30:58 PM
2026-10-16
$125.00
10/2/2026, 11:30:58 PM
2026-10-23
$120.00
10/2/2026, 11:30:58 PM
2026-10-30
$120.00
10/2/2026, 11:30:58 PM
2026-11-06
$113.00
10/2/2026, 11:30:58 PM
2026-11-20
$130.00
10/2/2026, 11:30:58 PM
2026-12-18
$150.00
10/2/2026, 11:30:58 PM
2027-01-15
$145.00
10/2/2026, 11:30:58 PM
2027-03-19
$130.00
10/2/2026, 11:30:58 PM
2027-04-16
$135.00
10/2/2026, 11:30:58 PM
2027-06-17
$130.00
10/2/2026, 11:30:58 PM
2027-09-17
$130.00
10/2/2026, 11:30:58 PM
Selected expiration: 2026-10-09 at max pain $122.00.
STZ pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
103
0
2536500
2536500
105
0
2195900
2195900
107
0
1867900
1867900
108
0
1704200
1704200
109
0
1542100
1542100
110
0
1381100
1381100
111
3100
1226700
1229800
112
6400
1072500
1078900
113
13000
935100
948100
114
19600
815900
835500
115
30400
699100
729500
116
47100
597400
644500
117
75000
508400
583400
118
104400
427500
531900
119
135700
349000
484700
120
167700
273700
441400
121
211500
204000
415500
122
261000
134900
395900
123
312600
92800
405400
124
364800
63800
428600
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.