This page reflects VERA 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 — VERA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (4.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.88
±9.4%
Days to Expiry
14
Calendar days
Total Call OI
5,134
Nearest expiry
Total Put OI
1,374
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$30.42
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
$40.00
8/21/2026, 11:36:52 PM
2026-09-18
$35.00
9/18/2026, 11:36:38 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:33:04 PM
2026-11-20
$30.00
10/2/2026, 11:33:04 PM
2026-12-18
$30.00
10/2/2026, 11:33:04 PM
2027-01-15
$35.00
10/2/2026, 11:33:04 PM
2027-03-19
$30.00
10/2/2026, 11:33:04 PM
Selected expiration: 2026-10-16 at max pain $35.00.
VERA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1829500
1829500
22.5
250
1483500
1483750
25
2250
1139000
1141250
30
206750
531000
737750
35
426750
7500
434250
40
1141750
1500
1143250
45
2256750
500
2257250
50
3475750
0
3475750
55
4798250
0
4798250
60
6424250
0
6424250
65
8524750
0
8524750
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.