This page reflects TRIN 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 — TRIN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $17.50 (0.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$0.62
±3.5%
Days to Expiry
14
Calendar days
Total Call OI
2,611
Nearest expiry
Total Put OI
8,295
Nearest expiry
P/C OI Ratio
3.18
Put-heavy
Spot Price
$17.59
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
$17.50
8/21/2026, 11:30:17 PM
2026-09-18
$17.50
9/18/2026, 11:29:25 PM
2026-10-16NextUpdated
$17.50
10/2/2026, 11:32:50 PM
2026-11-20
$17.50
10/2/2026, 11:32:50 PM
2027-01-15
$17.50
10/2/2026, 11:32:50 PM
2027-04-16
$17.50
10/2/2026, 11:32:50 PM
Selected expiration: 2026-10-16 at max pain $17.50.
TRIN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
11376000
11376000
5
500
9302250
9302750
7.5
1000
7228500
7229500
10
1500
5154750
5156250
12.5
2000
3091250
3093250
15
2500
1169000
1171500
17.5
3500
2000
5500
20
638250
0
638250
22.5
1291000
0
1291000
30
3249250
0
3249250
35
4554750
0
4554750
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.