This page reflects SWBI 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 — SWBI
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $13.00 (1.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$0.15
±1.0%
Days to Expiry
11
Calendar days
Total Call OI
1,601
Nearest expiry
Total Put OI
719
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$14.70
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
$14.00
8/21/2026, 11:28:12 PM
2026-09-18
$14.00
9/18/2026, 11:29:07 PM
2026-10-16NextUpdated
$13.00
10/5/2026, 11:30:25 PM
2026-11-20
$14.00
10/5/2026, 11:30:25 PM
2026-12-18
$14.00
10/5/2026, 11:30:25 PM
2027-01-15
$10.00
10/5/2026, 11:30:25 PM
2027-03-19
$12.00
10/5/2026, 11:30:25 PM
Selected expiration: 2026-10-16 at max pain $13.00.
SWBI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
457400
457400
8
1000
313600
314600
9
1800
241700
243500
10
2600
170900
173500
11
3600
100100
103700
12
4600
48900
53500
13
7400
16900
24300
14
94200
0
94200
15
216200
0
216200
16
374900
0
374900
17
534500
0
534500
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.