Consumer Staples Select Sector SPDRClose $80.53EOD only
Max Pain
$82.00
Next expiry Oct 9, 2026
Expected Move
±$1.82
2.3% from close
Price Gap
+1.47
Distance to max pain
IV Rank
11
Low premium
P/C OI
3.35
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects XLP 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 — XLP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $82.00 (1.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.00
Nearest expiry
Expected Move
±$1.82
±2.3%
Days to Expiry
7
Calendar days
Total Call OI
6,190
Nearest expiry
Total Put OI
4,024
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$80.53
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
$83.00
9/25/2026, 11:34:37 PM
2026-10-02Updated
$82.00
10/2/2026, 11:34:07 PM
2026-10-09Next
$82.00
10/2/2026, 11:34:07 PM
2026-10-16
$83.00
10/2/2026, 11:34:07 PM
2026-10-23
$83.00
10/2/2026, 11:34:07 PM
2026-10-30
$83.00
10/2/2026, 11:34:07 PM
2026-11-06
$81.50
10/2/2026, 11:34:07 PM
2026-11-20
$83.00
10/2/2026, 11:34:07 PM
2026-12-18
$85.00
10/2/2026, 11:34:07 PM
2027-01-15
$84.00
10/2/2026, 11:34:07 PM
2027-03-19
$85.00
10/2/2026, 11:34:07 PM
2027-06-17
$85.00
10/2/2026, 11:34:07 PM
Selected expiration: 2026-10-09 at max pain $82.00.
XLP pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
4035800
4035800
74
1600
2433000
2434600
75
2000
2037800
2039800
76
2400
1646800
1649200
77
2800
1257700
1260500
78
3200
897900
901100
79
3600
583700
587300
79.5
3800
441650
445450
80
4000
316250
320250
80.5
11400
221650
233050
81
28200
136900
165100
81.5
48650
81750
130400
82
73050
34650
107700
82.5
205250
7950
213200
83
362150
0
362150
83.5
543150
0
543150
84
748750
0
748750
84.5
960300
0
960300
85
1178750
0
1178750
85.5
1404850
0
1404850
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.