This page reflects XPO 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 — XPO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $190.00 (3.91 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$10.85
±5.8%
Days to Expiry
14
Calendar days
Total Call OI
659
Nearest expiry
Total Put OI
8,938
Nearest expiry
P/C OI Ratio
13.56
Put-heavy
Spot Price
$186.09
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
$200.00
8/21/2026, 11:37:07 PM
2026-09-18
$185.00
9/18/2026, 11:36:55 PM
2026-10-16NextUpdated
$190.00
10/2/2026, 11:35:27 PM
2026-11-20
$185.00
10/2/2026, 11:35:27 PM
2026-12-18
$175.00
10/2/2026, 11:35:27 PM
2027-01-15
$140.00
10/2/2026, 11:35:27 PM
2027-02-19
$175.00
10/2/2026, 11:35:27 PM
2027-03-19
$200.00
10/2/2026, 11:35:27 PM
2027-06-17
$200.00
10/2/2026, 11:35:27 PM
2027-09-17
$180.00
10/2/2026, 11:35:27 PM
Selected expiration: 2026-10-16 at max pain $190.00.
XPO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
25641500
25641500
150
0
7875500
7875500
155
0
3449000
3449000
160
0
2872500
2872500
165
500
2297000
2297500
170
1500
1737500
1739000
175
3000
1215500
1218500
180
7000
709000
716000
185
66500
226000
292500
190
205500
16000
221500
195
355000
5000
360000
200
553000
0
553000
210
990000
0
990000
220
1438000
0
1438000
230
2067000
0
2067000
240
2696000
0
2696000
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.