This page reflects TPR 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 — TPR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $110.00 (8.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$4.83
±4.1%
Days to Expiry
7
Calendar days
Total Call OI
312
Nearest expiry
Total Put OI
126
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$118.12
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
$113.00
9/25/2026, 11:34:35 PM
2026-10-02Updated
$115.00
10/2/2026, 11:32:36 PM
2026-10-09Next
$110.00
10/2/2026, 11:32:36 PM
2026-10-16
$120.00
10/2/2026, 11:32:36 PM
2026-10-23
$125.00
10/2/2026, 11:32:36 PM
2026-10-30
$118.00
10/2/2026, 11:32:36 PM
2026-11-20
$120.00
10/2/2026, 11:32:36 PM
2026-12-18
$115.00
10/2/2026, 11:32:36 PM
2027-01-15
$105.00
10/2/2026, 11:32:36 PM
2027-02-19
$135.00
10/2/2026, 11:32:36 PM
2027-03-19
$135.00
10/2/2026, 11:32:36 PM
2027-05-21
$85.00
10/2/2026, 11:32:36 PM
2027-06-17
$110.00
10/2/2026, 11:32:36 PM
2027-09-17
$90.00
10/2/2026, 11:32:36 PM
Selected expiration: 2026-10-09 at max pain $110.00.
TPR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
444300
444300
85
22000
381300
403300
100
154000
192300
346300
101
162800
179700
342500
102
171600
167100
338700
103
180400
154600
335000
104
189200
142200
331400
105
198000
130000
328000
106
206900
118500
325400
107
215800
107300
323100
108
224700
96200
320900
109
233600
85300
318900
110
242500
76000
318500
111
251800
67800
319600
112
261100
59700
320800
113
270400
52100
322500
114
279800
44900
324700
115
289600
38200
327800
116
299500
32100
331600
117
310200
26000
336200
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.