This page reflects TPB 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 — TPB
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $75.00 (19.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$4.47
±8.0%
Days to Expiry
14
Calendar days
Total Call OI
932
Nearest expiry
Total Put OI
64
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$55.64
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
$75.00
8/21/2026, 11:32:12 PM
2026-09-18
$85.00
9/18/2026, 11:36:07 PM
2026-10-16NextUpdated
$75.00
10/2/2026, 11:31:50 PM
2026-11-20
$75.00
10/2/2026, 11:31:50 PM
2026-12-18
$70.00
10/2/2026, 11:31:50 PM
2027-01-15
$60.00
10/2/2026, 11:31:50 PM
2027-04-16
$75.00
10/2/2026, 11:31:50 PM
Selected expiration: 2026-10-16 at max pain $75.00.
TPB pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
130000
130000
55
0
46000
46000
60
1500
27500
29000
65
5000
16500
21500
70
18500
8000
26500
75
36000
0
36000
80
180000
0
180000
85
342500
0
342500
90
554500
0
554500
95
801000
0
801000
100
1107500
0
1107500
105
1529000
0
1529000
110
1972500
0
1972500
115
2416500
0
2416500
120
2860500
0
2860500
125
3305500
0
3305500
130
3770500
0
3770500
145
5167000
0
5167000
155
6099000
0
6099000
170
7497000
0
7497000
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.