Maximum Pain vs Pin Risk

Quick comparison to help you distinguish these two crypto terms.

Maximum Pain
advanced
market_structure

The options strike price at expiration where the total value of all in-the-money calls and puts combined is minimized, allowing options sellers to retain maximum premium.

Read full definition
Pin Risk
advanced
risk

The risk that an underlying asset's price becomes pinned near a large options strike at expiration due to dealer delta hedging flows, creating price stagnation followed by rapid directional movement after expiry.

Read full definition
Browse full glossaryGet platform access