This page reflects TMO 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 — TMO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $650.00 (4.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$650.00
Nearest expiry
Expected Move
±$23.05
±3.5%
Days to Expiry
7
Calendar days
Total Call OI
692
Nearest expiry
Total Put OI
1,831
Nearest expiry
P/C OI Ratio
2.65
Put-heavy
Spot Price
$654.80
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
$655.00
9/25/2026, 11:29:14 PM
2026-10-02Updated
$670.00
10/2/2026, 11:27:35 PM
2026-10-09Next
$650.00
10/2/2026, 11:27:35 PM
2026-10-16
$655.00
10/2/2026, 11:27:35 PM
2026-10-23
$600.00
10/2/2026, 11:27:35 PM
2026-10-30
$600.00
10/2/2026, 11:27:35 PM
2026-11-06
$610.00
10/2/2026, 11:27:35 PM
2026-11-20
$630.00
10/2/2026, 11:27:35 PM
2026-12-18
$550.00
10/2/2026, 11:27:35 PM
2027-01-15
$520.00
10/2/2026, 11:27:35 PM
2027-03-19
$560.00
10/2/2026, 11:27:35 PM
2027-06-17
$620.00
10/2/2026, 11:27:35 PM
2027-09-17
$610.00
10/2/2026, 11:27:35 PM
Selected expiration: 2026-10-09 at max pain $650.00.
TMO pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
490
0
20848750
20848750
500
0
18381750
18381750
510
0
15948750
15948750
520
0
13544750
13544750
530
0
11146750
11146750
540
0
8749750
8749750
550
0
7790750
7790750
560
0
6856750
6856750
570
1000
5987750
5988750
580
3000
5140750
5143750
585
4000
4731250
4735250
590
5000
4322750
4327750
600
11000
3505750
3516750
605
15000
3097250
3112250
610
19500
2690250
2709750
615
24500
2284250
2308750
620
30000
1894750
1924750
625
39500
1508750
1548250
630
53000
1123250
1176250
632.5
61000
936750
997750
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.