Consumer Discretionary Select Sector SPDRClose $110.04EOD only
Max Pain
$108.00
Next expiry Oct 9, 2026
Expected Move
±$0.95
0.9% from close
Price Gap
-2.04
Distance to max pain
IV Rank
7
Low premium
P/C OI
2.21
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects XLY 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 — XLY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $108.00 (2.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$108.00
Nearest expiry
Expected Move
±$0.95
±0.9%
Days to Expiry
7
Calendar days
Total Call OI
328
Nearest expiry
Total Put OI
658
Nearest expiry
P/C OI Ratio
2.01
Put-heavy
Spot Price
$110.04
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
$111.00
9/25/2026, 11:32:06 PM
2026-10-02Updated
$110.00
10/2/2026, 11:30:54 PM
2026-10-09Next
$108.00
10/2/2026, 11:30:54 PM
2026-10-16
$115.00
10/2/2026, 11:30:54 PM
2026-10-23
$113.50
10/2/2026, 11:30:54 PM
2026-10-30
$112.50
10/2/2026, 11:30:54 PM
2026-11-06
$100.00
10/2/2026, 11:30:54 PM
2026-11-20
$111.00
10/2/2026, 11:30:54 PM
2026-12-18
$125.00
10/2/2026, 11:30:54 PM
2027-01-15
$115.00
10/2/2026, 11:30:54 PM
2027-03-19
$116.00
10/2/2026, 11:30:54 PM
2027-06-17
$115.00
10/2/2026, 11:30:54 PM
2027-09-17
$95.00
10/2/2026, 11:30:54 PM
Selected expiration: 2026-10-09 at max pain $108.00.
XLY pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
1674150
1674150
90
0
1302150
1302150
95
41500
930150
971650
100
124500
558150
682650
102
157700
409550
567250
104
190900
261150
452050
105
207500
187750
395250
106
224100
117650
341750
107
240700
76550
317250
108
257300
43150
300450
109
284100
23650
307750
110
311400
15350
326750
110.5
335700
13100
348800
111
360450
10850
371300
111.5
385450
9150
394600
112
410650
7450
418100
112.5
436550
6300
442850
113
462800
5500
468300
113.5
489850
4700
494550
114
519400
3900
523300
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.