This page reflects TMDX 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 — TMDX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $85.00 (5.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$4.95
±6.2%
Days to Expiry
7
Calendar days
Total Call OI
281
Nearest expiry
Total Put OI
127
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$79.79
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
$86.00
9/25/2026, 11:27:39 PM
2026-10-02Updated
$85.00
10/2/2026, 11:33:38 PM
2026-10-09Next
$85.00
10/2/2026, 11:33:38 PM
2026-10-16
$80.00
10/2/2026, 11:33:38 PM
2026-10-23
$87.00
10/2/2026, 11:33:38 PM
2026-10-30
$90.00
10/2/2026, 11:33:38 PM
2026-11-06
$84.00
10/2/2026, 11:33:38 PM
2026-11-20
$85.00
10/2/2026, 11:33:38 PM
2026-12-18
$90.00
10/2/2026, 11:33:38 PM
2027-01-15
$75.00
10/2/2026, 11:33:38 PM
2027-04-16
$70.00
10/2/2026, 11:33:38 PM
Selected expiration: 2026-10-09 at max pain $85.00.
TMDX pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
715200
715200
71
0
402400
402400
72
0
94800
94800
73
0
75800
75800
74
0
57300
57300
75
0
44900
44900
76
200
34100
34300
77
400
24500
24900
78
1100
16600
17700
79
1800
12700
14500
80
2500
9100
11600
81
292300
6900
299200
82
583700
5000
588700
83
875100
3800
878900
84
1166600
2700
1169300
85
1458500
1800
1460300
86
1751200
1400
1752600
87
2045800
1000
2046800
88
2347100
700
2347800
89
2648600
600
2649200
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.