This page reflects CVE 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 — CVE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $33.00 (0.60 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$33.00
Nearest expiry
Expected Move
±$1.85
±5.7%
Days to Expiry
14
Calendar days
Total Call OI
11,251
Nearest expiry
Total Put OI
15,737
Nearest expiry
P/C OI Ratio
1.40
Put-heavy
Spot Price
$32.40
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
$28.00
8/21/2026, 11:11:25 PM
2026-09-18
$32.00
9/18/2026, 11:11:42 PM
2026-10-16NextUpdated
$33.00
10/2/2026, 11:08:44 PM
2026-11-20
$33.00
10/2/2026, 11:08:44 PM
2026-12-18
$30.00
10/2/2026, 11:08:44 PM
2027-01-15
$17.00
10/2/2026, 11:08:44 PM
2027-03-19
$25.00
10/2/2026, 11:08:44 PM
2027-05-21
$25.00
10/2/2026, 11:08:44 PM
2027-08-20
$20.00
10/2/2026, 11:08:44 PM
Selected expiration: 2026-10-16 at max pain $33.00.
CVE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
16
0
22721600
22721600
19
0
18000500
18000500
20
0
16426800
16426800
23
0
11705700
11705700
24
0
10133400
10133400
25
0
8561100
8561100
26
3400
6992300
6995700
27
7100
5424200
5431300
28
10800
3863100
3873900
29
14500
2304700
2319200
30
21500
1651300
1672800
31
83100
1090200
1173300
32
173300
779700
953000
33
331300
518100
849400
34
689200
296600
985800
35
1130500
111500
1242000
36
2111200
0
2111200
37
3166900
0
3166900
38
4274100
0
4274100
39
5392700
0
5392700
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.