Communication Services Select Sector SPDRClose $110.32EOD only
Max Pain
$112.50
Next expiry Oct 9, 2026
Expected Move
±$0.88
0.8% from close
Price Gap
+2.18
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
1.31
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects XLC 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 — XLC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $112.50 (2.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$112.50
Nearest expiry
Expected Move
±$0.88
±0.8%
Days to Expiry
7
Calendar days
Total Call OI
739
Nearest expiry
Total Put OI
681
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$110.32
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
$113.00
9/25/2026, 11:32:30 PM
2026-10-02Updated
$114.00
10/2/2026, 11:35:03 PM
2026-10-09Next
$112.50
10/2/2026, 11:35:03 PM
2026-10-16
$114.00
10/2/2026, 11:35:03 PM
2026-10-23
$112.00
10/2/2026, 11:35:03 PM
2026-10-30
$117.00
10/2/2026, 11:35:03 PM
2026-11-20
$111.00
10/2/2026, 11:35:03 PM
2026-12-18
$115.00
10/2/2026, 11:35:03 PM
2027-01-15
$115.00
10/2/2026, 11:35:03 PM
2027-03-19
$111.00
10/2/2026, 11:35:03 PM
Selected expiration: 2026-10-09 at max pain $112.50.
XLC pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
102
0
440000
440000
103
0
372800
372800
104
0
308400
308400
105
0
245900
245900
106
0
186100
186100
107
0
130900
130900
107.5
0
104900
104900
108
0
80300
80300
108.5
100
66450
66550
109
200
53350
53550
109.5
550
40300
40850
110
900
28100
29000
110.5
3000
16800
19800
111
10200
10800
21000
111.5
18300
5500
23800
112
26900
3700
30600
112.5
36450
2300
38750
113
46300
1100
47400
113.5
69700
200
69900
114
93400
0
93400
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.