This page reflects VRDN 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 — VRDN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $20.00 (0.60 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$4.80
±24.7%
Days to Expiry
14
Calendar days
Total Call OI
1,117
Nearest expiry
Total Put OI
5,220
Nearest expiry
P/C OI Ratio
4.67
Put-heavy
Spot Price
$19.40
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
$19.00
8/21/2026, 11:36:55 PM
2026-09-18
$22.00
9/18/2026, 11:33:12 PM
2026-10-16NextUpdated
$20.00
10/2/2026, 11:33:59 PM
2026-11-20
$22.00
10/2/2026, 11:33:59 PM
2027-01-15
$17.00
10/2/2026, 11:33:59 PM
2027-04-16
$18.00
10/2/2026, 11:33:59 PM
Selected expiration: 2026-10-16 at max pain $20.00.
VRDN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
9891000
9891000
5
0
7803000
7803000
8
1800
6237000
6238800
9
2400
5715000
5717400
11
6400
4671000
4677400
12
8400
4149100
4157500
13
11000
3627200
3638200
14
13800
3106300
3120100
15
17500
2585600
2603100
16
21200
2065200
2086400
17
26600
1550200
1576800
18
47400
1035400
1082800
19
69800
521000
590800
20
110700
11600
122300
21
158900
7600
166500
22
214500
4500
219000
23
287700
1700
289400
24
362500
900
363400
25
441900
700
442600
26
528900
500
529400
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.