This page reflects DHT 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 — DHT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $21.00 (2.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.00
Nearest expiry
Expected Move
±$2.05
±8.7%
Days to Expiry
14
Calendar days
Total Call OI
54,944
Nearest expiry
Total Put OI
15,469
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$23.68
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
$18.00
8/21/2026, 11:12:19 PM
2026-09-18
$19.00
9/18/2026, 11:12:03 PM
2026-10-16NextUpdated
$21.00
10/2/2026, 11:08:31 PM
2026-11-20
$23.00
10/2/2026, 11:08:31 PM
2026-12-18
$20.00
10/2/2026, 11:08:31 PM
2027-01-15
$19.00
10/2/2026, 11:08:31 PM
2027-04-16
$22.00
10/2/2026, 11:08:31 PM
2027-07-16
$22.00
10/2/2026, 11:08:31 PM
Selected expiration: 2026-10-16 at max pain $21.00.
DHT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
17658800
17658800
9
0
16100700
16100700
10
0
14542800
14542800
11
0
12990700
12990700
12
0
11438600
11438600
13
0
9886500
9886500
14
600
8344900
8345500
15
1200
6803300
6804500
16
6700
5548300
5555000
17
21800
4309100
4330900
18
45200
3225100
3270300
19
144400
2277500
2421900
20
343800
1387200
1731000
21
689500
576500
1266000
22
1553400
247000
1800400
23
3087400
96100
3183500
24
5246000
13200
5259200
25
8967000
7200
8974200
26
13837500
4700
13842200
27
19278400
2200
19280600
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.