This page reflects DAL 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 — DAL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $82.00 (2.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.00
Nearest expiry
Expected Move
±$5.49
±6.5%
Days to Expiry
7
Calendar days
Total Call OI
19,860
Nearest expiry
Total Put OI
5,628
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$84.09
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
$81.00
9/25/2026, 11:08:39 PM
2026-10-02Updated
$83.00
10/2/2026, 11:11:06 PM
2026-10-09Next
$82.00
10/2/2026, 11:11:06 PM
2026-10-16
$81.00
10/2/2026, 11:11:06 PM
2026-10-23
$82.00
10/2/2026, 11:11:06 PM
2026-10-30
$82.00
10/2/2026, 11:11:06 PM
2026-11-06
$74.00
10/2/2026, 11:11:06 PM
2026-11-20
$80.00
10/2/2026, 11:11:06 PM
2026-12-18
$75.00
10/2/2026, 11:11:06 PM
2027-01-15
$75.00
10/2/2026, 11:11:06 PM
2027-03-19
$77.50
10/2/2026, 11:11:06 PM
2027-06-17
$85.00
10/2/2026, 11:11:06 PM
2027-09-17
$85.00
10/2/2026, 11:11:06 PM
Selected expiration: 2026-10-09 at max pain $82.00.
DAL pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
16083800
16083800
55
500
13269800
13270300
60
49000
10455800
10504800
65
97500
7643300
7740800
66
108200
7088800
7197000
67
118900
6535600
6654500
68
129600
5990000
6119600
69
140400
5454700
5595100
70
151200
4920700
5071900
71
163800
4421900
4585700
72
176400
3929000
4105400
73
189300
3443300
3632600
74
202500
2970800
3173300
75
215900
2529900
2745800
76
230500
2123500
2354000
77
256300
1742600
1998900
78
296400
1377600
1674000
79
390700
1062800
1453500
80
493900
804900
1298800
81
646200
589800
1236000
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.