This page reflects U 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 — U
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $42.00 (1.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$2.52
±5.8%
Days to Expiry
7
Calendar days
Total Call OI
8,848
Nearest expiry
Total Put OI
8,483
Nearest expiry
P/C OI Ratio
0.96
Put-heavy
Spot Price
$43.61
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
$40.50
9/25/2026, 11:32:43 PM
2026-10-02Updated
$41.00
10/2/2026, 11:30:24 PM
2026-10-09Next
$42.00
10/2/2026, 11:30:24 PM
2026-10-16
$42.00
10/2/2026, 11:30:24 PM
2026-10-23
$40.00
10/2/2026, 11:30:24 PM
2026-10-30
$41.00
10/2/2026, 11:30:24 PM
2026-11-06
$40.00
10/2/2026, 11:30:24 PM
2026-11-20
$35.00
10/2/2026, 11:30:24 PM
2027-01-15
$25.00
10/2/2026, 11:30:24 PM
2027-02-19
$39.00
10/2/2026, 11:30:24 PM
2027-05-21
$40.00
10/2/2026, 11:30:24 PM
Selected expiration: 2026-10-09 at max pain $42.00.
U pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
11416450
11416450
30
7500
7174950
7182450
31
9100
6328350
6337450
33
17300
4635150
4652450
34
21400
3789850
3811250
35
25900
2945350
2971250
35.5
28400
2525350
2553750
36
30900
2118400
2149300
36.5
33850
1714800
1748650
37
37150
1311650
1348800
37.5
41100
928000
969100
38
45100
547650
592750
38.5
49700
469250
518950
39
54350
391250
445600
39.5
60300
318200
378500
40
69200
247950
317150
40.5
81500
201100
282600
41
95200
155400
250600
41.5
112650
118000
230650
42
131100
82700
213800
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.