This page reflects VLO 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 — VLO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $400.00 (6.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$21.45
±5.3%
Days to Expiry
7
Calendar days
Total Call OI
3,962
Nearest expiry
Total Put OI
4,532
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$406.30
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
$390.00
9/25/2026, 11:32:48 PM
2026-10-02Updated
$390.00
10/2/2026, 11:29:27 PM
2026-10-09Next
$400.00
10/2/2026, 11:29:27 PM
2026-10-16
$380.00
10/2/2026, 11:29:27 PM
2026-10-23
$385.00
10/2/2026, 11:29:27 PM
2026-10-30
$400.00
10/2/2026, 11:29:27 PM
2026-11-06
$365.00
10/2/2026, 11:29:27 PM
2026-11-20
$390.00
10/2/2026, 11:29:27 PM
2026-12-18
$320.00
10/2/2026, 11:29:27 PM
2027-01-15
$220.00
10/2/2026, 11:29:27 PM
2027-03-19
$350.00
10/2/2026, 11:29:27 PM
2027-06-17
$380.00
10/2/2026, 11:29:27 PM
2027-09-17
$360.00
10/2/2026, 11:29:27 PM
Selected expiration: 2026-10-09 at max pain $400.00.
VLO pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
82235250
82235250
190
500
79969250
79969750
195
1500
77703250
77704750
200
4000
75437250
75441250
205
8500
73171250
73179750
210
13500
70905250
70918750
215
18500
68639750
68658250
220
24000
66374250
66398250
225
29500
64118750
64148250
230
36000
61863750
61899750
240
74000
57353750
57427750
245
94500
55098750
55193250
250
117500
52843750
52961250
255
142000
50588750
50730750
260
167000
48334750
48501750
265
194000
46080750
46274750
270
221000
43830750
44051750
275
250000
41580750
41830750
280
279000
39330750
39609750
285
310500
37080750
37391250
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.