This page reflects DVA 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 — DVA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $180.00 (1.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$10.05
±5.6%
Days to Expiry
14
Calendar days
Total Call OI
13,575
Nearest expiry
Total Put OI
2,053
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$178.69
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
$200.00
8/21/2026, 11:11:29 PM
2026-09-18
$180.00
9/18/2026, 11:12:02 PM
2026-10-16NextUpdated
$180.00
10/2/2026, 11:09:16 PM
2026-11-20
$185.00
10/2/2026, 11:09:16 PM
2026-12-18
$155.00
10/2/2026, 11:09:16 PM
2027-01-15
$200.00
10/2/2026, 11:09:16 PM
2027-02-19
$190.00
10/2/2026, 11:09:16 PM
2027-04-16
$170.00
10/2/2026, 11:09:16 PM
2027-05-21
$190.00
10/2/2026, 11:09:16 PM
2027-08-20
$260.00
10/2/2026, 11:09:16 PM
Selected expiration: 2026-10-16 at max pain $180.00.
DVA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
18748500
18748500
85
0
17723500
17723500
90
0
16699500
16699500
95
0
15676000
15676000
100
0
14654500
14654500
105
0
13634500
13634500
110
2000
12615000
12617000
115
4000
11596500
11600500
120
9500
10580500
10590000
125
16500
9572500
9589000
130
26000
8564500
8590500
135
36500
7556500
7593000
140
52500
6566500
6619000
145
71500
5600500
5672000
150
95000
4646000
4741000
155
129500
3707000
3836500
160
164000
2808500
2972500
165
222500
1955500
2178000
170
297500
1167500
1465000
175
380500
751500
1132000
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.