This page reflects TEM 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 — TEM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $76.00 (0.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$76.00
Nearest expiry
Expected Move
±$5.92
±7.7%
Days to Expiry
7
Calendar days
Total Call OI
4,296
Nearest expiry
Total Put OI
4,957
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$76.63
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
$74.00
9/25/2026, 11:29:00 PM
2026-10-02Updated
$77.00
10/2/2026, 11:27:13 PM
2026-10-09Next
$76.00
10/2/2026, 11:27:13 PM
2026-10-16
$67.00
10/2/2026, 11:27:13 PM
2026-10-23
$72.00
10/2/2026, 11:27:13 PM
2026-10-30
$75.00
10/2/2026, 11:27:13 PM
2026-11-06
$72.00
10/2/2026, 11:27:13 PM
2026-11-20
$60.00
10/2/2026, 11:27:13 PM
2026-12-18
$65.00
10/2/2026, 11:27:13 PM
2027-01-15
$55.00
10/2/2026, 11:27:13 PM
2027-02-19
$70.00
10/2/2026, 11:27:13 PM
2027-03-19
$65.00
10/2/2026, 11:27:13 PM
2027-04-16
$75.00
10/2/2026, 11:27:13 PM
2027-05-21
$80.00
10/2/2026, 11:27:13 PM
2027-06-17
$70.00
10/2/2026, 11:27:13 PM
2027-09-17
$85.00
10/2/2026, 11:27:13 PM
Selected expiration: 2026-10-09 at max pain $76.00.
TEM pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
18542500
18542500
40
500
15545500
15546000
45
1000
12551000
12552000
49
1400
10161400
10162800
50
1500
9564900
9566400
51
1600
8973900
8975500
52
1800
8383900
8385700
53
2500
7975800
7978300
54
3800
7568100
7571900
55
6700
7166300
7173000
56
9900
6781800
6791700
57
15000
6400700
6415700
58
21200
6021600
6042800
59
29400
5642900
5672300
60
39500
5271300
5310800
61
63300
4902100
4965400
62
88500
4533300
4621800
63
114900
4169700
4284600
64
143700
3808500
3952200
65
173800
3449800
3623600
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.