This page reflects DEO 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 — DEO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $85.00 (0.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$3.75
±4.4%
Days to Expiry
14
Calendar days
Total Call OI
4,478
Nearest expiry
Total Put OI
3,507
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$84.75
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
$85.00
8/21/2026, 11:11:39 PM
2026-09-18
$85.00
9/18/2026, 11:11:29 PM
2026-10-16NextUpdated
$85.00
10/2/2026, 11:09:01 PM
2026-11-20
$90.00
10/2/2026, 11:09:01 PM
2027-01-15
$85.00
10/2/2026, 11:09:01 PM
2027-04-16
$95.00
10/2/2026, 11:09:01 PM
Selected expiration: 2026-10-16 at max pain $85.00.
DEO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
14115000
14115000
45
0
12362000
12362000
50
0
10609000
10609000
55
0
8956500
8956500
60
0
7304000
7304000
65
4000
5651500
5655500
70
28500
4205500
4234000
75
67500
2917000
2984500
80
144500
1710000
1854500
85
446000
845500
1291500
90
1004000
336000
1340000
95
1985500
88000
2073500
100
3356500
51500
3408000
105
5102000
38000
5140000
110
7083500
31000
7114500
115
9186500
25000
9211500
120
11318000
19000
11337000
125
13486000
13500
13499500
130
15695500
9000
15704500
135
17913500
4500
17918000
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.