This page reflects DB 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 — DB
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (0.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$1.90
±5.4%
Days to Expiry
14
Calendar days
Total Call OI
13,739
Nearest expiry
Total Put OI
6,226
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$34.97
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
$35.00
8/21/2026, 11:09:56 PM
2026-09-18
$37.00
9/18/2026, 11:10:52 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:09:05 PM
2026-11-20
$36.00
10/2/2026, 11:09:05 PM
2027-01-15
$35.00
10/2/2026, 11:09:05 PM
2027-04-16
$39.00
10/2/2026, 11:09:05 PM
Selected expiration: 2026-10-16 at max pain $35.00.
DB pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
12248600
12248600
20
0
9135600
9135600
23
0
7267800
7267800
24
0
6656800
6656800
25
0
6045800
6045800
26
5000
5437700
5442700
27
15600
4829600
4845200
28
26200
4221500
4247700
29
36800
3625200
3662000
30
47400
3086400
3133800
31
73500
2584700
2658200
32
114600
2096000
2210600
33
162400
1632100
1794500
34
252800
1224100
1476900
35
403900
846100
1250000
36
680900
579500
1260400
37
1111000
347600
1458600
38
1596700
165700
1762400
39
2192700
22800
2215500
40
2961800
800
2962600
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.