This page reflects TM 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 — TM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $190.00 (8.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$6.45
±3.5%
Days to Expiry
14
Calendar days
Total Call OI
1,814
Nearest expiry
Total Put OI
1,822
Nearest expiry
P/C OI Ratio
1.00
Put-heavy
Spot Price
$181.49
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
$190.00
8/21/2026, 11:34:50 PM
2026-09-18
$190.00
9/18/2026, 11:29:45 PM
2026-10-16NextUpdated
$190.00
10/2/2026, 11:27:26 PM
2026-11-20
$185.00
10/2/2026, 11:27:26 PM
2026-12-18
$190.00
10/2/2026, 11:27:26 PM
2027-01-15
$180.00
10/2/2026, 11:27:26 PM
2027-03-19
$195.00
10/2/2026, 11:27:26 PM
2027-04-16
$195.00
10/2/2026, 11:27:26 PM
2027-06-17
$190.00
10/2/2026, 11:27:26 PM
2027-07-16
$200.00
10/2/2026, 11:27:26 PM
Selected expiration: 2026-10-16 at max pain $190.00.
TM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
12031000
12031000
125
0
10155000
10155000
130
0
9218000
9218000
135
0
8282000
8282000
140
0
7349000
7349000
145
0
6443500
6443500
150
0
5547000
5547000
155
2500
4700500
4703000
160
5500
3885500
3891000
165
9500
3083000
3092500
170
15000
2331500
2346500
175
21000
1613000
1634000
180
37000
949000
986000
185
84000
418500
502500
190
169000
26500
195500
195
307500
0
307500
200
806500
0
806500
210
2289500
0
2289500
220
3978500
0
3978500
230
5771500
0
5771500
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.