This page reflects VVX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — VVX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (11.46 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
±$3.50
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
2,174
Nearest expiry
Total Put OI
87
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$81.46
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$65.00
6/18/2026, 11:35:58 PM
2026-07-17
$70.00
7/17/2026, 11:40:36 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:42:36 PM
2026-09-18
$70.00
8/18/2026, 11:42:36 PM
2026-11-20
$50.00
8/18/2026, 11:42:36 PM
2027-02-19
$65.00
8/18/2026, 11:42:36 PM
Selected expiration: 2026-08-21 at max pain $70.00.
VVX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
340500
340500
40
1000
254500
255500
50
2000
168500
170500
55
13500
129000
142500
60
28000
89500
117500
65
49500
59000
108500
70
77000
31000
108000
75
149000
14500
163500
80
245000
8000
253000
85
373000
3500
376500
90
517000
500
517500
95
1522500
0
1522500
100
2593500
0
2593500
105
3665500
0
3665500
110
4751500
0
4751500
115
5838000
0
5838000
120
6925000
0
6925000
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.