thetaOwl

DELL

Dell Technologies Inc.Close $562.52EOD only
Max Pain
$537.50
Next expiry Oct 9, 2026
Expected Move
±$32.55
5.8% from close
Price Gap
-25.02
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.40
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects DELL 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 — DELL
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $537.50 (25.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$537.50
Nearest expiry
Expected Move
±$32.55
±5.8%
Days to Expiry
7
Calendar days
Total Call OI
13,988
Nearest expiry
Total Put OI
15,193
Nearest expiry
P/C OI Ratio
1.09
Put-heavy
Spot Price
$562.52
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$547.509/25/2026, 11:10:13 PM
2026-10-02Updated$542.5010/2/2026, 11:10:29 PM
2026-10-09Next$537.5010/2/2026, 11:10:29 PM
2026-10-16$510.0010/2/2026, 11:10:29 PM
2026-10-23$530.0010/2/2026, 11:10:29 PM
2026-10-30$540.0010/2/2026, 11:10:29 PM
2026-11-06$525.0010/2/2026, 11:10:29 PM
2026-11-20$490.0010/2/2026, 11:10:29 PM
2026-12-18$350.0010/2/2026, 11:10:29 PM
2027-01-15$250.0010/2/2026, 11:10:29 PM
2027-02-19$570.0010/2/2026, 11:10:29 PM
2027-03-19$330.0010/2/2026, 11:10:29 PM
2027-04-16$500.0010/2/2026, 11:10:29 PM
2027-06-17$390.0010/2/2026, 11:10:29 PM
2027-09-17$390.0010/2/2026, 11:10:29 PM
Selected expiration: 2026-10-09 at max pain $537.50.
DELL pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
2450251520250251520250
2500244672250244672250
255500238245250238245750
2602000231934250231936250
2653500225735250225738750
2706500219685250219691750
27510500213651250213661750
28014500207910250207924750
28519500202213750202233250
29024500196594250196618750
29530500191058250191088750
30036500185542250185578750
30542500180132250180174750
31049500174735250174784750
31558500169349750169408250
32068000164010750164078750
32577500158728250158805750
33088000153460250153548250
33598500148209750148308250
340109500142977250143086750
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.