This page reflects ULS 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 — ULS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (0.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$4.67
±7.1%
Days to Expiry
14
Calendar days
Total Call OI
3,229
Nearest expiry
Total Put OI
439
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$65.99
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, 11:30:38 PM
2026-09-18
$70.00
9/18/2026, 11:33:20 PM
2026-10-16NextUpdated
$65.00
10/2/2026, 11:28:03 PM
2026-11-20
$60.00
10/2/2026, 11:28:03 PM
2027-01-15
$70.00
10/2/2026, 11:28:03 PM
2027-04-16
$65.00
10/2/2026, 11:28:03 PM
Selected expiration: 2026-10-16 at max pain $65.00.
ULS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
758500
758500
60
500
539500
540000
65
1000
323000
324000
70
667500
194500
862000
75
2055000
108000
2163000
80
3590000
88500
3678500
85
5166500
69000
5235500
90
6744000
49500
6793500
95
8350000
32500
8382500
100
9958500
15500
9974000
105
11568500
1500
11570000
120
16407500
0
16407500
125
18021000
0
18021000
130
19635000
0
19635000
135
21249500
0
21249500
140
22864000
0
22864000
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.