This page reflects TPC 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 — TPC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (6.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$5.15
±5.9%
Days to Expiry
14
Calendar days
Total Call OI
392
Nearest expiry
Total Put OI
135
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$86.73
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
$85.00
8/21/2026, 11:29:32 PM
2026-09-18
$85.00
9/18/2026, 11:29:31 PM
2026-10-16NextUpdated
$80.00
10/2/2026, 11:27:49 PM
2026-11-20
$85.00
10/2/2026, 11:27:49 PM
2026-12-18
$75.00
10/2/2026, 11:27:49 PM
2027-01-15
$85.00
10/2/2026, 11:27:49 PM
2027-04-16
$90.00
10/2/2026, 11:27:49 PM
Selected expiration: 2026-10-16 at max pain $80.00.
TPC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
453500
453500
50
0
386000
386000
55
0
319000
319000
60
0
252000
252000
65
0
185000
185000
70
1000
131500
132500
75
20500
85000
105500
80
44500
47000
91500
85
69500
19500
89000
90
137500
3500
141000
95
263000
2000
265000
100
406000
1500
407500
105
583000
1000
584000
110
775000
500
775500
115
969000
0
969000
125
1358000
0
1358000
130
1552500
0
1552500
135
1747500
0
1747500
140
1943000
0
1943000
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.