This page reflects DAVE 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 — DAVE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $350.00 (3.43 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$11.85
±3.4%
Days to Expiry
7
Calendar days
Total Call OI
94
Nearest expiry
Total Put OI
274
Nearest expiry
P/C OI Ratio
2.91
Put-heavy
Spot Price
$346.57
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
$335.00
9/25/2026, 11:08:37 PM
2026-10-02Updated
$350.00
10/2/2026, 11:09:28 PM
2026-10-09Next
$350.00
10/2/2026, 11:09:28 PM
2026-10-16
$310.00
10/2/2026, 11:09:28 PM
2026-10-23
$340.00
10/2/2026, 11:09:28 PM
2026-10-30
$345.00
10/2/2026, 11:09:28 PM
2026-11-06
$390.00
10/2/2026, 11:09:28 PM
2026-11-20
$310.00
10/2/2026, 11:09:28 PM
2026-12-18
$390.00
10/2/2026, 11:09:28 PM
2027-01-15
$230.00
10/2/2026, 11:09:28 PM
2027-04-16
$360.00
10/2/2026, 11:09:28 PM
2027-06-17
$300.00
10/2/2026, 11:09:28 PM
Selected expiration: 2026-10-09 at max pain $350.00.
DAVE pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
235
0
2540500
2540500
255
2000
1756500
1758500
265
3000
1369500
1372500
270
3500
1176500
1180000
275
4000
1000000
1004000
280
4500
826500
831000
285
5000
675500
680500
290
5500
559500
565000
295
6000
445500
451500
300
6500
361000
367500
305
7000
295000
302000
307.5
7500
266250
273750
310
8000
237750
245750
315
9000
188250
197250
317.5
9500
164750
174250
320
10000
141750
151750
322.5
10750
123250
134000
325
11500
106000
117500
327.5
14000
90750
104750
330
16500
76500
93000
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.