This page reflects DVN 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 — DVN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $48.00 (0.35 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$48.00
Nearest expiry
Expected Move
±$1.73
±3.6%
Days to Expiry
7
Calendar days
Total Call OI
3,690
Nearest expiry
Total Put OI
2,198
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$47.65
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
$47.50
9/25/2026, 11:12:54 PM
2026-10-02Updated
$47.50
10/2/2026, 11:12:06 PM
2026-10-09Next
$48.00
10/2/2026, 11:12:06 PM
2026-10-16
$45.00
10/2/2026, 11:12:06 PM
2026-10-23
$47.00
10/2/2026, 11:12:06 PM
2026-10-30
$48.00
10/2/2026, 11:12:06 PM
2026-11-06
$46.00
10/2/2026, 11:12:06 PM
2026-11-20
$47.50
10/2/2026, 11:12:06 PM
2026-12-18
$45.00
10/2/2026, 11:12:06 PM
2027-01-15
$42.50
10/2/2026, 11:12:06 PM
2027-03-19
$47.50
10/2/2026, 11:12:06 PM
2027-04-16
$47.50
10/2/2026, 11:12:06 PM
2027-06-17
$45.00
10/2/2026, 11:12:06 PM
2027-09-17
$52.50
10/2/2026, 11:12:06 PM
Selected expiration: 2026-10-09 at max pain $48.00.
DVN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
38
0
1919950
1919950
39
0
1701150
1701150
40
0
1483650
1483650
41
0
1266850
1266850
42
0
1051550
1051550
43
0
840150
840150
44
100
651750
651850
44.5
250
559050
559300
45
850
471500
472350
45.5
2100
390250
392350
46
3650
310250
313900
46.5
16950
239400
256350
47
36150
175950
212100
47.5
61350
125100
186450
48
94600
78350
172950
48.5
135650
55750
191400
49
180100
34650
214750
49.5
269750
24150
293900
50
367600
13900
381500
51
605400
1800
607200
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.