This page reflects VNO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — VNO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (5.58 below 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
±$2.08
±5.1%
Days to Expiry
15
Calendar days
Total Call OI
480
Nearest expiry
Total Put OI
744
Nearest expiry
P/C OI Ratio
1.55
Put-heavy
Spot Price
$40.58
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$29.00
5/15/2026, 11:43:54 PM
2026-06-18
$33.00
6/18/2026, 11:39:39 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:33:50 PM
2026-08-21
$35.00
7/3/2026, 11:33:50 PM
2026-09-18
$32.00
7/3/2026, 11:33:50 PM
2026-12-18
$30.00
7/3/2026, 11:33:50 PM
2027-01-15
$33.00
7/3/2026, 11:33:50 PM
Selected expiration: 2026-07-17 at max pain $35.00.
VNO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
23
0
878200
878200
24
500
804000
804500
25
1500
729800
731300
26
2800
656800
659600
27
4600
583800
588400
28
6600
510800
517400
29
9400
437800
447200
30
12700
364800
377500
31
16800
291900
308700
32
21100
219000
240100
33
25500
147400
172900
34
30700
77000
107700
35
41300
12700
54000
36
56300
9500
65800
37
71900
6600
78500
38
88500
4800
93300
39
107800
3200
111000
40
133800
1700
135500
41
175200
1200
176400
42
219000
800
219800
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.