This page reflects DBX 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 — DBX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $34.00 (0.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$1.95
±5.8%
Days to Expiry
7
Calendar days
Total Call OI
217
Nearest expiry
Total Put OI
402
Nearest expiry
P/C OI Ratio
1.85
Put-heavy
Spot Price
$33.90
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
$35.00
9/25/2026, 11:08:55 PM
2026-10-02Updated
$33.50
10/2/2026, 11:10:31 PM
2026-10-09Next
$34.00
10/2/2026, 11:10:31 PM
2026-10-16
$33.00
10/2/2026, 11:10:31 PM
2026-10-23
$35.00
10/2/2026, 11:10:31 PM
2026-10-30
$35.00
10/2/2026, 11:10:31 PM
2026-11-20
$34.00
10/2/2026, 11:10:31 PM
2027-01-15
$30.00
10/2/2026, 11:10:31 PM
2027-04-16
$34.00
10/2/2026, 11:10:31 PM
Selected expiration: 2026-10-09 at max pain $34.00.
DBX pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
513850
513850
25
0
313850
313850
30
500
114350
114850
31
700
74650
75350
31.5
800
55400
56200
32
2800
37650
40450
32.5
6850
20050
26900
33
11100
8650
19750
33.5
15650
4300
19950
34
21150
1100
22250
35
33050
600
33650
36
51150
400
51550
36.5
61050
350
61400
37
71050
300
71350
37.5
81100
250
81350
38
91250
200
91450
39
111650
100
111750
40
132150
0
132150
41
153450
0
153450
43
196250
0
196250
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.