This page reflects VPG 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 — VPG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $70.00 (9.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$7.58
±9.6%
Days to Expiry
14
Calendar days
Total Call OI
668
Nearest expiry
Total Put OI
433
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$79.07
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
$65.00
8/21/2026, 11:34:47 PM
2026-09-18
$65.00
9/18/2026, 11:36:27 PM
2026-10-16NextUpdated
$70.00
10/2/2026, 11:33:30 PM
2026-11-20
$55.00
10/2/2026, 11:33:30 PM
2026-12-18
$90.00
10/2/2026, 11:33:30 PM
2027-01-15
$70.00
10/2/2026, 11:33:30 PM
2027-02-19
$80.00
10/2/2026, 11:33:30 PM
2027-03-19
$70.00
10/2/2026, 11:33:30 PM
2027-05-21
$60.00
10/2/2026, 11:33:30 PM
2027-08-20
$70.00
10/2/2026, 11:33:30 PM
Selected expiration: 2026-10-16 at max pain $70.00.
VPG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
904500
904500
40
0
693500
693500
45
0
484000
484000
50
0
306000
306000
55
0
192500
192500
60
0
98000
98000
65
8500
45500
54000
70
47500
4500
52000
75
106500
2000
108500
80
212000
0
212000
85
394000
0
394000
90
699500
0
699500
95
1025000
0
1025000
100
1354500
0
1354500
105
1686000
0
1686000
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.