This page reflects VSH 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 — VSH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (3.18 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
±$4.38
±11.5%
Days to Expiry
14
Calendar days
Total Call OI
16,431
Nearest expiry
Total Put OI
12,841
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$38.18
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
$35.00
8/21/2026, 11:35:26 PM
2026-09-18
$35.00
9/18/2026, 11:36:46 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:34:07 PM
2026-11-20
$35.00
10/2/2026, 11:34:07 PM
2026-12-18
$30.00
10/2/2026, 11:34:07 PM
2027-01-15
$50.00
10/2/2026, 11:34:07 PM
2027-04-16
$25.00
10/2/2026, 11:34:07 PM
Selected expiration: 2026-10-16 at max pain $35.00.
VSH pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
32026750
32026750
5
0
28606500
28606500
7.5
0
25187250
25187250
10
0
21773500
21773500
12.5
500
18362250
18362750
15
1000
14952500
14953500
17.5
1750
11552500
11554250
20
2750
8167750
8170500
22.5
5500
6618500
6624000
25
18750
5173500
5192250
30
65250
2558500
2623750
35
311250
968500
1279750
40
2714250
415500
3129750
45
8715750
337500
9053250
50
16150750
281500
16432250
55
23952750
225500
24178250
60
31962750
169500
32132250
65
40525750
113500
40639250
70
49088750
57500
49146250
75
57797250
2500
57799750
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.