This page reflects THC 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 — THC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $270.00 (11.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$13.90
±5.4%
Days to Expiry
14
Calendar days
Total Call OI
1,216
Nearest expiry
Total Put OI
2,106
Nearest expiry
P/C OI Ratio
1.73
Put-heavy
Spot Price
$258.62
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
$200.00
8/21/2026, 11:28:48 PM
2026-09-18
$260.00
9/18/2026, 11:31:39 PM
2026-10-16NextUpdated
$270.00
10/2/2026, 11:32:12 PM
2026-11-20
$260.00
10/2/2026, 11:32:12 PM
2026-12-18
$200.00
10/2/2026, 11:32:12 PM
2027-01-15
$200.00
10/2/2026, 11:32:12 PM
2027-02-19
$240.00
10/2/2026, 11:32:12 PM
2027-05-21
$280.00
10/2/2026, 11:32:12 PM
Selected expiration: 2026-10-16 at max pain $270.00.
THC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
12799500
12799500
195
0
11749000
11749000
200
0
10705000
10705000
210
0
8629000
8629000
220
4000
6565000
6569000
230
8000
4510000
4518000
240
13000
2480000
2493000
250
23000
984000
1007000
260
43000
69000
112000
270
89000
6000
95000
280
952000
0
952000
290
1952000
0
1952000
300
3064000
0
3064000
310
4268000
0
4268000
320
5479000
0
5479000
360
10351000
0
10351000
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.