This page reflects XYL 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 — XYL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $105.00 (3.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$4.75
±4.7%
Days to Expiry
14
Calendar days
Total Call OI
6,918
Nearest expiry
Total Put OI
8,105
Nearest expiry
P/C OI Ratio
1.17
Put-heavy
Spot Price
$101.79
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
$115.00
8/21/2026, 11:32:56 PM
2026-09-18
$110.00
9/18/2026, 11:35:04 PM
2026-10-16NextUpdated
$105.00
10/2/2026, 11:30:46 PM
2026-11-20
$105.00
10/2/2026, 11:30:46 PM
2026-12-18
$115.00
10/2/2026, 11:30:46 PM
2027-01-15
$110.00
10/2/2026, 11:30:46 PM
2027-04-16
$110.00
10/2/2026, 11:30:46 PM
Selected expiration: 2026-10-16 at max pain $105.00.
XYL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
21983000
21983000
75
0
17931500
17931500
80
0
13881000
13881000
85
0
9833500
9833500
90
0
5795000
5795000
95
0
3113500
3113500
100
2500
669000
671500
105
8500
318000
326500
110
1360000
109000
1469000
115
3100500
0
3100500
120
5183000
0
5183000
125
7378000
0
7378000
130
9609000
0
9609000
135
11893000
0
11893000
140
15207500
0
15207500
145
18543500
0
18543500
150
21942500
0
21942500
155
25341500
0
25341500
160
28742500
0
28742500
165
32149500
0
32149500
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.