This page reflects XPEL 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 — XPEL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $42.50 (2.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$3.67
±8.2%
Days to Expiry
14
Calendar days
Total Call OI
5,121
Nearest expiry
Total Put OI
66
Nearest expiry
P/C OI Ratio
0.01
Put-heavy
Spot Price
$44.97
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$45.00
8/21/2026, 11:37:34 PM
2026-09-18
$45.00
9/18/2026, 11:35:13 PM
2026-10-16NextUpdated
$42.50
10/2/2026, 11:35:22 PM
2026-11-20
$45.00
10/2/2026, 11:35:22 PM
2027-01-15
$40.00
10/2/2026, 11:35:22 PM
2027-04-16
$37.50
10/2/2026, 11:35:22 PM
Selected expiration: 2026-10-16 at max pain $42.50.
XPEL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
87250
87250
30
0
70750
70750
32.5
5500
54250
59750
35
11250
46000
57250
37.5
17500
37750
55250
40
24250
30000
54250
42.5
31000
22750
53750
45
38250
16000
54250
47.5
47500
10250
57750
50
62000
8000
70000
52.5
79250
6000
85250
55
103250
4000
107250
57.5
1381000
2000
1383000
60
2660500
0
2660500
65
5219500
0
5219500
70
7778500
0
7778500
75
10338500
0
10338500
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.