This page reflects LVS 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 — LVS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $37.50 (1.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$0.52
±1.4%
Days to Expiry
7
Calendar days
Total Call OI
1,428
Nearest expiry
Total Put OI
318
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$36.23
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
$40.00
9/25/2026, 11:18:06 PM
2026-10-02Updated
$38.50
10/2/2026, 11:21:01 PM
2026-10-09Next
$37.50
10/2/2026, 11:21:01 PM
2026-10-16
$41.00
10/2/2026, 11:21:01 PM
2026-10-23
$40.00
10/2/2026, 11:21:01 PM
2026-10-30
$40.00
10/2/2026, 11:21:01 PM
2026-11-06
$38.00
10/2/2026, 11:21:01 PM
2026-11-20
$40.00
10/2/2026, 11:21:01 PM
2026-12-18
$40.00
10/2/2026, 11:21:01 PM
2027-01-15
$42.50
10/2/2026, 11:21:01 PM
2027-03-19
$40.00
10/2/2026, 11:21:01 PM
2027-06-17
$45.00
10/2/2026, 11:21:01 PM
2027-09-17
$50.00
10/2/2026, 11:21:01 PM
Selected expiration: 2026-10-09 at max pain $37.50.
LVS pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
446600
446600
33
1200
207500
208700
34
1600
128100
129700
35
3600
91800
95400
35.5
6250
74450
80700
36
8900
57300
66200
36.5
40350
43000
83350
37
74000
29200
103200
37.5
109950
18000
127950
38
174950
7600
182550
38.5
242900
4400
247300
39
313550
1600
315150
39.5
390700
600
391300
40
468700
0
468700
40.5
547650
0
547650
41
627500
0
627500
41.5
714500
0
714500
42
802400
0
802400
42.5
892700
0
892700
43
983100
0
983100
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.