This page reflects VIR 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 — VIR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $10.00 (1.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.73
±15.4%
Days to Expiry
14
Calendar days
Total Call OI
2,786
Nearest expiry
Total Put OI
857
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$11.17
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
$9.00
8/21/2026, 11:31:39 PM
2026-09-18
$9.00
9/18/2026, 11:32:11 PM
2026-10-16NextUpdated
$10.00
10/2/2026, 11:32:33 PM
2026-11-20
$8.00
10/2/2026, 11:32:33 PM
2027-01-15
$9.00
10/2/2026, 11:32:33 PM
2027-04-16
$4.00
10/2/2026, 11:32:33 PM
Selected expiration: 2026-10-16 at max pain $10.00.
VIR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
758400
758400
3
0
588000
588000
4
0
502800
502800
5
0
417600
417600
6
400
334000
334400
7
2800
250500
253300
8
27800
167800
195600
9
66700
90300
157000
10
133000
16800
149800
11
285800
11600
297400
12
454300
8400
462700
13
638000
5500
643500
14
850600
2600
853200
15
1114800
0
1114800
16
1393600
0
1393600
17
1673100
0
1673100
18
1952700
0
1952700
19
2232400
0
2232400
20
2512500
0
2512500
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.