This page reflects ZS 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 — ZS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $200.00 (3.40 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$12.57
±6.4%
Days to Expiry
7
Calendar days
Total Call OI
5,374
Nearest expiry
Total Put OI
5,822
Nearest expiry
P/C OI Ratio
1.08
Put-heavy
Spot Price
$196.60
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
$192.50
9/25/2026, 11:35:08 PM
2026-10-02Updated
$190.00
10/2/2026, 11:35:30 PM
2026-10-09Next
$200.00
10/2/2026, 11:35:30 PM
2026-10-16
$190.00
10/2/2026, 11:35:30 PM
2026-10-23
$195.00
10/2/2026, 11:35:30 PM
2026-10-30
$202.50
10/2/2026, 11:35:30 PM
2026-11-06
$195.00
10/2/2026, 11:35:30 PM
2026-11-20
$175.00
10/2/2026, 11:35:30 PM
2026-12-18
$180.00
10/2/2026, 11:35:30 PM
2027-01-15
$180.00
10/2/2026, 11:35:30 PM
2027-02-19
$115.00
10/2/2026, 11:35:30 PM
2027-03-19
$165.00
10/2/2026, 11:35:30 PM
2027-05-21
$160.00
10/2/2026, 11:35:30 PM
2027-06-17
$170.00
10/2/2026, 11:35:30 PM
2027-09-17
$150.00
10/2/2026, 11:35:30 PM
Selected expiration: 2026-10-09 at max pain $200.00.
ZS pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
47004550
47004550
115
2500
32449550
32452050
120
3000
29539550
29542550
125
4000
26631050
26635050
130
5000
23745550
23750550
135
6000
20866050
20872050
140
7000
18093550
18100550
145
8500
15350550
15359050
146
9000
14865050
14874050
147
9500
14440350
14449850
148
10000
14066650
14076650
149
10600
13699850
13710450
150
11300
13336750
13348050
152.5
13050
12449750
12462800
155
15050
11582000
11597050
157.5
23550
10722250
10745800
160
34050
9865000
9899050
162.5
50050
9022000
9072050
165
69050
8192000
8261050
167.5
92300
7370000
7462300
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.