This page reflects DVN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — DVN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $43.50 (3.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.50
Nearest expiry
Expected Move
±$0.76
±1.9%
Days to Expiry
8
Calendar days
Total Call OI
4,669
Nearest expiry
Total Put OI
2,415
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$40.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$43.50
6/26/2026, 11:11:53 PM
2026-07-02
$42.00
7/2/2026, 11:12:37 PM
2026-07-10NextUpdated
$43.50
7/3/2026, 11:11:20 PM
2026-07-17
$45.00
7/3/2026, 11:11:20 PM
2026-07-24
$44.00
7/3/2026, 11:11:20 PM
2026-07-31
$44.00
7/3/2026, 11:11:20 PM
2026-08-07
$46.00
7/3/2026, 11:11:20 PM
2026-08-21
$45.00
7/3/2026, 11:11:20 PM
2026-09-18
$42.50
7/3/2026, 11:11:20 PM
2026-10-16
$47.50
7/3/2026, 11:11:20 PM
2026-12-18
$42.50
7/3/2026, 11:11:20 PM
2027-01-15
$40.00
7/3/2026, 11:11:20 PM
2027-03-19
$47.50
7/3/2026, 11:11:20 PM
2027-06-17
$42.50
7/3/2026, 11:11:20 PM
Selected expiration: 2026-07-10 at max pain $43.50.
DVN pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
36
0
1483450
1483450
37
0
1245050
1245050
37.5
0
1131650
1131650
38
0
1018400
1018400
39
0
794600
794600
39.5
0
684400
684400
40
0
574800
574800
40.5
100
474850
474950
41
200
375200
375400
41.5
3500
288400
291900
42
10700
219000
229700
42.5
22500
162350
184850
43
44600
109700
154300
43.5
91100
62900
154000
44
147550
16300
163850
44.5
244550
10650
255200
45
348250
5000
353250
45.5
481300
3750
485050
46
616850
2500
619350
46.5
780200
1250
781450
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.