This page reflects DOW 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 — DOW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $28.00 (0.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$1.06
±3.8%
Days to Expiry
7
Calendar days
Total Call OI
5,646
Nearest expiry
Total Put OI
3,663
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$27.97
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
$29.00
9/25/2026, 11:09:07 PM
2026-10-02Updated
$28.00
10/2/2026, 11:11:29 PM
2026-10-09Next
$28.00
10/2/2026, 11:11:29 PM
2026-10-16
$30.00
10/2/2026, 11:11:29 PM
2026-10-23
$29.00
10/2/2026, 11:11:29 PM
2026-10-30
$28.00
10/2/2026, 11:11:29 PM
2026-11-06
$30.00
10/2/2026, 11:11:29 PM
2026-11-20
$30.00
10/2/2026, 11:11:29 PM
2026-12-18
$30.00
10/2/2026, 11:11:29 PM
2027-01-15
$32.50
10/2/2026, 11:11:29 PM
2027-03-19
$30.00
10/2/2026, 11:11:29 PM
2027-06-17
$30.00
10/2/2026, 11:11:29 PM
2027-09-17
$30.00
10/2/2026, 11:11:29 PM
Selected expiration: 2026-10-09 at max pain $28.00.
DOW pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
3263400
3263400
20
300
2833600
2833900
21
800
2404000
2404800
24
2300
1115500
1117800
25
2800
690700
693500
25.5
3200
494850
498050
26
3650
303250
306900
26.5
4950
201200
206150
27
6400
125300
131700
27.5
12250
78850
91100
28
28300
39700
68000
28.5
98150
20800
118950
29
189400
5050
194450
29.5
297300
2700
300000
30
415800
700
416500
30.5
566700
300
567000
31
744950
0
744950
31.5
948850
0
948850
32
1152900
0
1152900
33
1578300
0
1578300
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.