This page reflects OVV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — OVV
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $60.00 (0.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$3.33
±5.5%
Days to Expiry
11
Calendar days
Total Call OI
7,841
Nearest expiry
Total Put OI
4,685
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$60.95
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
$60.00
8/21/2026, 11:27:14 PM
2026-09-18
$65.00
9/18/2026, 11:22:59 PM
2026-10-16NextUpdated
$60.00
10/5/2026, 11:22:59 PM
2026-11-20
$60.00
10/5/2026, 11:22:59 PM
2027-01-15
$55.00
10/5/2026, 11:22:59 PM
2027-03-19
$60.00
10/5/2026, 11:22:59 PM
2027-04-16
$55.00
10/5/2026, 11:22:59 PM
2027-05-21
$45.00
10/5/2026, 11:22:59 PM
2027-08-20
$60.00
10/5/2026, 11:22:59 PM
Selected expiration: 2026-10-16 at max pain $60.00.
OVV pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
11288100
11288100
35
500
8950100
8950600
38
800
7560800
7561600
39
900
7109400
7110300
40
1000
6658300
6659300
41
1200
6228800
6230000
42
1400
5799600
5801000
43
1600
5372600
5374200
44
1800
4946000
4947800
45
2200
4537500
4539700
46
2700
4145000
4147700
47
3200
3752500
3755700
48
3700
3364300
3368000
49
8300
2985700
2994000
50
13400
2625500
2638900
55
114900
1052000
1166900
60
433400
231500
664900
65
1319900
0
1319900
70
3667400
0
3667400
75
7203900
0
7203900
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.