This page reflects VALE 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 — VALE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $14.00 (0.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.79
±5.7%
Days to Expiry
7
Calendar days
Total Call OI
12,675
Nearest expiry
Total Put OI
12,449
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$13.76
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
$14.00
9/25/2026, 11:33:37 PM
2026-10-02Updated
$13.50
10/2/2026, 11:33:32 PM
2026-10-09Next
$14.00
10/2/2026, 11:33:32 PM
2026-10-16
$13.50
10/2/2026, 11:33:32 PM
2026-10-23
$14.00
10/2/2026, 11:33:32 PM
2026-10-30
$13.50
10/2/2026, 11:33:32 PM
2026-11-20
$15.00
10/2/2026, 11:33:32 PM
2026-12-18
$14.00
10/2/2026, 11:33:32 PM
2027-01-15
$15.00
10/2/2026, 11:33:32 PM
2027-03-19
$17.00
10/2/2026, 11:33:32 PM
2027-06-17
$15.00
10/2/2026, 11:33:32 PM
2027-09-17
$15.00
10/2/2026, 11:33:32 PM
Selected expiration: 2026-10-09 at max pain $14.00.
VALE pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
10751200
10751200
8
0
7018300
7018300
9
0
5774300
5774300
9.5
0
5152300
5152300
10
250
4530300
4530550
11.5
1150
2664300
2665450
12.5
1750
1423400
1425150
13
2050
815200
817250
13.5
2350
358850
361200
14
300000
44600
344600
14.5
765200
9250
774450
15
1293250
750
1294000
15.5
1829050
0
1829050
16
2371150
0
2371150
16.5
2997050
0
2997050
17
3627450
0
3627450
17.5
4260000
0
4260000
18
4892900
0
4892900
18.5
5525950
0
5525950
19
6159000
0
6159000
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.