Nearest listed expiration 2026-10-05 shows max pain at $55.50 (0.76 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.50
Nearest expiry
Expected Move
±$0.92
±1.7%
Days to Expiry
3
Calendar days
Total Call OI
9,515
Nearest expiry
Total Put OI
5,904
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$54.74
Published close
Consensus
6.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-05
Expiration
Max Pain Strike
Last Updated
2026-09-30
$54.50
9/30/2026, 11:29:05 PM
2026-10-02Updated
$55.50
10/2/2026, 11:26:18 PM
2026-10-05Next
$55.50
10/2/2026, 11:26:18 PM
2026-10-07
$56.00
10/2/2026, 11:26:18 PM
2026-10-09
$56.00
10/2/2026, 11:26:18 PM
2026-10-16
$57.00
10/2/2026, 11:26:18 PM
2026-10-23
$58.00
10/2/2026, 11:26:18 PM
2026-10-30
$56.00
10/2/2026, 11:26:18 PM
2026-11-06
$57.00
10/2/2026, 11:26:18 PM
2026-11-20
$58.00
10/2/2026, 11:26:18 PM
2026-12-18
$60.00
10/2/2026, 11:26:18 PM
2026-12-31
$62.50
10/2/2026, 11:26:18 PM
2027-01-15
$55.00
10/2/2026, 11:26:18 PM
2027-03-19
$60.00
10/2/2026, 11:26:18 PM
2027-03-31
$57.00
10/2/2026, 11:26:18 PM
2027-04-16
$57.00
10/2/2026, 11:26:18 PM
2027-06-17
$56.00
10/2/2026, 11:26:18 PM
2027-06-30
$51.00
10/2/2026, 11:26:18 PM
2027-09-17
$59.00
10/2/2026, 11:26:18 PM
Selected expiration: 2026-10-05 at max pain $55.50.
SLV pain by strike for 2026-10-05 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
2668350
2668350
51
0
2106550
2106550
52
0
1567650
1567650
53
1700
1154950
1156650
54
8100
829150
837250
55
28600
569950
598550
55.5
68550
468600
537150
56
162750
378850
541600
56.5
283400
296000
579400
57
426900
227800
654700
57.5
612200
166600
778800
58
817000
111050
928050
58.5
1055700
68800
1124500
59
1303000
37500
1340500
59.5
1563800
15400
1579200
60
1832600
50
1832650
60.5
2163850
0
2163850
61
2501350
0
2501350
61.5
2852350
0
2852350
62
3212300
0
3212300
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.