This page reflects USAR 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 — USAR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $16.00 (2.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$0.83
±6.1%
Days to Expiry
7
Calendar days
Total Call OI
10,792
Nearest expiry
Total Put OI
6,617
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$13.59
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
$16.50
9/25/2026, 11:32:07 PM
2026-10-02Updated
$15.00
10/2/2026, 11:29:00 PM
2026-10-09Next
$16.00
10/2/2026, 11:29:00 PM
2026-10-16
$16.00
10/2/2026, 11:29:00 PM
2026-10-23
$17.00
10/2/2026, 11:29:00 PM
2026-10-30
$16.50
10/2/2026, 11:29:00 PM
2026-11-06
$17.00
10/2/2026, 11:29:00 PM
2026-11-20
$15.00
10/2/2026, 11:29:00 PM
2026-12-18
$20.00
10/2/2026, 11:29:00 PM
2027-01-15
$20.00
10/2/2026, 11:29:00 PM
2027-03-19
$20.00
10/2/2026, 11:29:00 PM
Selected expiration: 2026-10-09 at max pain $16.00.
USAR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
4112100
4112100
10
0
3450500
3450500
11
100
2788900
2789000
12
200
2127700
2127900
12.5
900
1800700
1801600
13
2000
1473700
1475700
13.5
4850
1163350
1168200
14
8850
886300
895150
14.5
21700
649450
671150
15
52950
433550
486500
15.5
138850
254400
393250
16
252250
127050
379300
16.5
390850
73450
464300
17
549300
40000
589300
17.5
770650
25700
796350
18
1024200
21900
1046100
18.5
1288000
20100
1308100
19
1595550
18450
1614000
19.5
1913350
17000
1930350
20
2237100
15650
2252750
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.