This page reflects XP 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 — XP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $19.50 (2.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.50
Nearest expiry
Expected Move
±$2.30
±10.7%
Days to Expiry
7
Calendar days
Total Call OI
1,769
Nearest expiry
Total Put OI
765
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$21.50
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
$19.00
9/25/2026, 11:33:05 PM
2026-10-02Updated
$19.50
10/2/2026, 11:35:07 PM
2026-10-09Next
$19.50
10/2/2026, 11:35:07 PM
2026-10-16
$20.00
10/2/2026, 11:35:07 PM
2026-10-23
$20.50
10/2/2026, 11:35:07 PM
2026-10-30
$20.50
10/2/2026, 11:35:07 PM
2026-11-20
$20.00
10/2/2026, 11:35:07 PM
2027-01-15
$17.00
10/2/2026, 11:35:07 PM
2027-02-19
$21.00
10/2/2026, 11:35:07 PM
2027-05-21
$13.00
10/2/2026, 11:35:07 PM
Selected expiration: 2026-10-09 at max pain $19.50.
XP pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
862650
862650
9
100
786150
786250
15
3100
327150
330250
15.5
3350
289150
292500
16
3600
251800
255400
16.5
3850
214700
218550
17
4100
178700
182800
17.5
4450
143750
148200
18
4800
111200
116000
18.5
5200
84700
89900
19
5750
60200
65950
19.5
9200
36050
45250
20
34550
17050
51600
20.5
65100
2050
67150
21
101950
350
102300
21.5
150150
200
150350
22
204300
100
204400
22.5
259450
0
259450
23
346200
0
346200
24
522100
0
522100
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.