This page reflects ZETA 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 — ZETA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $30.00 (2.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.22
±3.7%
Days to Expiry
7
Calendar days
Total Call OI
8,410
Nearest expiry
Total Put OI
4,455
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$32.63
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
$27.50
9/25/2026, 11:34:42 PM
2026-10-02Updated
$30.00
10/2/2026, 11:35:21 PM
2026-10-09Next
$30.00
10/2/2026, 11:35:21 PM
2026-10-16
$30.00
10/2/2026, 11:35:21 PM
2026-10-23
$30.00
10/2/2026, 11:35:21 PM
2026-10-30
$30.00
10/2/2026, 11:35:21 PM
2026-11-06
$27.50
10/2/2026, 11:35:21 PM
2026-11-20
$30.00
10/2/2026, 11:35:21 PM
2026-12-18
$25.00
10/2/2026, 11:35:21 PM
2027-01-15
$17.50
10/2/2026, 11:35:21 PM
2027-03-19
$25.00
10/2/2026, 11:35:21 PM
Selected expiration: 2026-10-09 at max pain $30.00.
ZETA pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
5241700
5241700
20
0
3024700
3024700
23
1200
1694800
1696000
23.5
1750
1474800
1476550
24
2350
1254950
1257300
24.5
3000
1036450
1039450
25
3650
819600
823250
25.5
4500
607750
612250
26
5700
399150
404850
26.5
7250
318900
326150
27
8900
239750
248650
27.5
10700
189900
200600
28
13150
144000
157150
28.5
19800
106750
126550
29
27750
72400
100150
29.5
40450
45650
86100
30
57050
22450
79500
30.5
209100
7300
216400
31
363650
3650
367300
31.5
587400
1450
588850
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.