This page reflects TH 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 — TH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $19.00 (0.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$1.35
±7.2%
Days to Expiry
14
Calendar days
Total Call OI
3,144
Nearest expiry
Total Put OI
4,956
Nearest expiry
P/C OI Ratio
1.58
Put-heavy
Spot Price
$18.84
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
$17.00
8/21/2026, 11:32:18 PM
2026-09-18
$18.00
9/18/2026, 11:34:39 PM
2026-10-16NextUpdated
$19.00
10/2/2026, 11:31:52 PM
2026-11-20
$12.00
10/2/2026, 11:31:52 PM
2027-01-15
$10.00
10/2/2026, 11:31:52 PM
2027-04-16
$19.00
10/2/2026, 11:31:52 PM
Selected expiration: 2026-10-16 at max pain $19.00.
TH pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
8044000
8044000
2
1000
7548300
7549300
3
2000
7052600
7054600
4
3000
6556900
6559900
5
4000
6061200
6065200
6
5000
5565700
5570700
7
6000
5070200
5076200
9
8000
4079200
4087200
10
9000
3583700
3592700
11
10000
3088200
3098200
12
19700
2592700
2612400
13
29400
2100000
2129400
14
42200
1607300
1649500
15
57500
1116500
1174000
16
77000
629800
706800
17
96500
147200
243700
18
116800
80900
197700
19
147800
43000
190800
20
223100
15600
238700
21
328400
3900
332300
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.