What is ANET max pain this week?

ANET max pain for the nearest expiration (2026-10-09) is $195.00. Total call open interest: 5,746. Total put open interest: 2,848.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options ANETMax Pain

ANET

Arista Networks, Inc.Close $207.35EOD only

Max Pain

$195.00

Next expiry Oct 9, 2026

Expected Move

±$9.20

4.4% from close

Price Gap

-12.35

Distance to max pain

IV Rank

Low premium

P/C OI

0.88

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects ANET 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 — ANET

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $195.00 (12.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$195.00

Nearest expiry

Expected Move

±$9.20

±4.4%

Days to Expiry

Calendar days

Total Call OI

5,746

Nearest expiry

Total Put OI

2,848

Nearest expiry

P/C OI Ratio

0.50

Put-heavy

Spot Price

$207.35

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	$197.50	9/25/2026, 11:03:10 PM
2026-10-02Updated	$200.00	10/2/2026, 11:02:49 PM
2026-10-09Next	$195.00	10/2/2026, 11:02:49 PM
2026-10-16	$190.00	10/2/2026, 11:02:49 PM
2026-10-23	$205.00	10/2/2026, 11:02:49 PM
2026-10-30	$200.00	10/2/2026, 11:02:49 PM
2026-11-06	$205.00	10/2/2026, 11:02:49 PM
2026-11-20	$180.00	10/2/2026, 11:02:49 PM
2026-12-18	$175.00	10/2/2026, 11:02:49 PM
2027-01-15	$130.00	10/2/2026, 11:02:49 PM
2027-03-19	$170.00	10/2/2026, 11:02:49 PM
2027-06-17	$170.00	10/2/2026, 11:02:49 PM
2027-09-17	$190.00	10/2/2026, 11:02:49 PM

Selected expiration: 2026-10-09 at max pain $195.00.

ANET pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
110	0	20294250	20294250
120	0	17447250	17447250
125	500	16023750	16024250
130	1500	14600250	14601750
135	2500	13181750	13184250
140	3500	11763750	11767250
145	4500	10361250	10365750
150	5500	9104750	9110250
155	7000	7872250	7879250
160	9500	6654750	6664250
165	13500	5566250	5579750
170	17500	4516750	4534250
175	24500	3511750	3536250
177.5	29750	3036250	3066000
180	35000	2563500	2598500
182.5	56000	2131750	2187750
185	77500	1716000	1793500
187.5	119750	1357250	1477000
190	162750	1012750	1175500
192.5	217250	740500	957750

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.