This page reflects ZION 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 — ZION
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $67.50 (4.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$67.50
Nearest expiry
Expected Move
±$2.88
±4.5%
Days to Expiry
14
Calendar days
Total Call OI
2,371
Nearest expiry
Total Put OI
11,278
Nearest expiry
P/C OI Ratio
4.76
Put-heavy
Spot Price
$63.17
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
$70.00
8/21/2026, 11:36:54 PM
2026-09-18
$70.00
9/18/2026, 11:35:04 PM
2026-10-16NextUpdated
$67.50
10/2/2026, 11:35:23 PM
2026-11-20
$60.00
10/2/2026, 11:35:23 PM
2027-01-15
$60.00
10/2/2026, 11:35:23 PM
2027-02-19
$67.50
10/2/2026, 11:35:23 PM
2027-04-16
$67.50
10/2/2026, 11:35:23 PM
2027-05-21
$60.00
10/2/2026, 11:35:23 PM
Selected expiration: 2026-10-16 at max pain $67.50.
ZION pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
33950250
33950250
30
0
31137750
31137750
35
0
25514250
25514250
37.5
0
22707500
22707500
40
0
19900750
19900750
42.5
0
17100000
17100000
45
0
14313250
14313250
47.5
0
11527500
11527500
50
0
8742750
8742750
52.5
0
5958000
5958000
55
1000
4660500
4661500
57.5
2500
3378250
3380750
60
11750
2143500
2155250
62.5
34500
1401500
1436000
65
81500
725500
807000
67.5
219000
301000
520000
70
461000
150000
611000
72.5
845750
112500
958250
75
1325250
75000
1400250
77.5
1822500
37500
1860000
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.