This page reflects VNO 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 — VNO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $32.00 (1.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$2.95
±8.8%
Days to Expiry
14
Calendar days
Total Call OI
224
Nearest expiry
Total Put OI
30
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$33.73
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
$36.00
8/21/2026, 11:36:57 PM
2026-09-18
$32.00
9/18/2026, 11:36:44 PM
2026-10-16NextUpdated
$32.00
10/2/2026, 11:33:02 PM
2026-12-18
$32.00
10/2/2026, 11:33:02 PM
2027-01-15
$35.00
10/2/2026, 11:33:02 PM
2027-03-19
$38.00
10/2/2026, 11:33:02 PM
Selected expiration: 2026-10-16 at max pain $32.00.
VNO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
27
0
18800
18800
28
300
16200
16500
29
1200
13600
14800
30
2600
11000
13600
31
4200
8600
12800
32
6500
6200
12700
33
9200
3800
13000
34
12300
2500
14800
35
16500
1600
18100
36
22000
800
22800
37
35400
0
35400
38
52500
0
52500
40
87900
0
87900
41
108800
0
108800
43
152600
0
152600
45
196600
0
196600
46
218800
0
218800
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.