This page reflects DLR 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 — DLR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $185.00 (6.45 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$3.45
±1.9%
Days to Expiry
7
Calendar days
Total Call OI
516
Nearest expiry
Total Put OI
244
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$178.55
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
$185.00
9/25/2026, 11:09:29 PM
2026-10-02Updated
$185.00
10/2/2026, 11:11:57 PM
2026-10-09Next
$185.00
10/2/2026, 11:11:57 PM
2026-10-16
$190.00
10/2/2026, 11:11:57 PM
2026-10-23
$190.00
10/2/2026, 11:11:57 PM
2026-10-30
$180.00
10/2/2026, 11:11:57 PM
2026-11-20
$175.00
10/2/2026, 11:11:57 PM
2026-12-18
$175.00
10/2/2026, 11:11:57 PM
2027-01-15
$175.00
10/2/2026, 11:11:57 PM
2027-03-19
$200.00
10/2/2026, 11:11:57 PM
2027-04-16
$170.00
10/2/2026, 11:11:57 PM
2027-06-17
$180.00
10/2/2026, 11:11:57 PM
2027-09-17
$160.00
10/2/2026, 11:11:57 PM
Selected expiration: 2026-10-09 at max pain $185.00.
DLR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
447750
447750
160
0
326250
326250
162.5
500
265500
266000
165
1500
204750
206250
167.5
3750
167750
171500
170
6000
131000
137000
172.5
8250
109500
117750
175
10500
89000
99500
177.5
15500
70500
86000
180
20750
52000
72750
182.5
38000
38500
76500
185
56250
25250
81500
187.5
78750
12500
91250
190
156000
7500
163500
192.5
268750
2500
271250
195
392000
0
392000
200
647500
0
647500
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.