What is CHWY max pain this week?

CHWY max pain for the nearest expiration (2026-10-09) is $19.50. Total call open interest: 3,887. Total put open interest: 12,601.

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 CHWYMax Pain

CHWY

Chewy, Inc.Close $18.17EOD only

Max Pain

$19.50

Next expiry Oct 9, 2026

Expected Move

±$0.84

4.6% from close

Price Gap

+1.33

Distance to max pain

IV Rank

Low premium

P/C OI

0.84

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects CHWY 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 — CHWY

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $19.50 (1.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$19.50

Nearest expiry

Expected Move

±$0.84

±4.6%

Days to Expiry

Calendar days

Total Call OI

3,887

Nearest expiry

Total Put OI

12,601

Nearest expiry

P/C OI Ratio

3.24

Put-heavy

Spot Price

$18.17

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	$18.50	9/25/2026, 11:04:12 PM
2026-10-02Updated	$18.00	10/2/2026, 11:07:19 PM
2026-10-09Next	$19.50	10/2/2026, 11:07:19 PM
2026-10-16	$20.00	10/2/2026, 11:07:19 PM
2026-10-23	$19.50	10/2/2026, 11:07:19 PM
2026-10-30	$19.00	10/2/2026, 11:07:19 PM
2026-11-06	$19.00	10/2/2026, 11:07:19 PM
2026-11-20	$20.00	10/2/2026, 11:07:19 PM
2026-12-18	$20.00	10/2/2026, 11:07:19 PM
2027-01-15	$22.50	10/2/2026, 11:07:19 PM
2027-03-19	$17.50	10/2/2026, 11:07:19 PM
2027-04-16	$20.00	10/2/2026, 11:07:19 PM

Selected expiration: 2026-10-09 at max pain $19.50.

CHWY pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
13	0	4989600	4989600
14	1100	3675200	3676300
15	2200	2360900	2363100
16	3500	1046600	1050100
16.5	5250	461400	466650
17	11600	336250	347850
17.5	18750	231900	250650
18	28400	143100	171500
18.5	40200	88700	128900
19	65950	45700	111650
19.5	105950	25300	131250
20	173300	9550	182850
20.5	271200	5550	276750
21	372950	1650	374600
21.5	479150	800	479950
22	588600	0	588600
22.5	702600	0	702600
23	818150	0	818150
23.5	940250	0	940250
24	1065050	0	1065050

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.