This page reflects VIAV 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 — VIAV
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $37.00 (10.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.00
Nearest expiry
Expected Move
±$5.03
±10.7%
Days to Expiry
14
Calendar days
Total Call OI
14,433
Nearest expiry
Total Put OI
5,586
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$47.10
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, 11:35:24 PM
2026-09-18
$37.00
9/18/2026, 11:29:26 PM
2026-10-16NextUpdated
$37.00
10/2/2026, 11:33:52 PM
2026-11-20
$40.00
10/2/2026, 11:33:52 PM
2026-12-18
$35.00
10/2/2026, 11:33:52 PM
2027-01-15
$35.00
10/2/2026, 11:33:52 PM
2027-02-19
$41.00
10/2/2026, 11:33:52 PM
2027-03-19
$35.00
10/2/2026, 11:33:52 PM
2027-04-16
$40.00
10/2/2026, 11:33:52 PM
2027-06-17
$30.00
10/2/2026, 11:33:52 PM
Selected expiration: 2026-10-16 at max pain $37.00.
VIAV pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
7549700
7549700
19
100
6976800
6976900
20
200
6403900
6404100
21
400
5831000
5831400
22
800
5258100
5258900
23
1400
4685200
4686600
24
2100
4112300
4114400
25
2900
3539400
3542300
26
4000
2983200
2987200
27
6600
2447700
2454300
28
9200
1933400
1942600
29
11800
1419500
1431300
30
14900
1206700
1221600
31
18100
1000900
1019000
32
21500
821600
843100
33
25200
691900
717100
34
29900
592700
622600
35
36800
507500
544300
36
61600
438100
499700
37
92600
374200
466800
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.