This page reflects TRI 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 — TRI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (7.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$7.22
±7.4%
Days to Expiry
14
Calendar days
Total Call OI
1,926
Nearest expiry
Total Put OI
2,128
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$97.62
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
$105.00
8/21/2026, 11:34:55 PM
2026-09-18
$105.00
9/18/2026, 11:30:15 PM
2026-10-16NextUpdated
$90.00
10/2/2026, 11:32:16 PM
2026-11-20
$105.00
10/2/2026, 11:32:16 PM
2026-12-18
$100.00
10/2/2026, 11:32:16 PM
2027-01-15
$80.00
10/2/2026, 11:32:16 PM
2027-02-19
$115.00
10/2/2026, 11:32:16 PM
2027-04-16
$105.00
10/2/2026, 11:32:16 PM
2027-09-17
$80.00
10/2/2026, 11:32:16 PM
Selected expiration: 2026-10-16 at max pain $90.00.
TRI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
7701500
7701500
50
0
6638500
6638500
55
0
5575500
5575500
60
0
4512500
4512500
65
0
3682000
3682000
70
0
2851500
2851500
75
1500
2057000
2058500
80
3000
1339500
1342500
85
16000
649500
665500
90
35000
125500
160500
95
135000
25500
160500
100
257000
12500
269500
105
460500
6500
467000
110
746500
3000
749500
115
1484000
0
1484000
120
2232000
0
2232000
125
2990500
0
2990500
130
3764500
0
3764500
135
4548500
0
4548500
140
5334500
0
5334500
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.