Health Care Select Sector SPDRClose $166.18EOD only
Max Pain
$167.00
Next expiry Oct 9, 2026
Expected Move
±$3.61
2.2% from close
Price Gap
+0.82
Distance to max pain
IV Rank
5
Low premium
P/C OI
1.56
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects XLV 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 — XLV
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $167.00 (0.82 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$167.00
Nearest expiry
Expected Move
±$3.61
±2.2%
Days to Expiry
7
Calendar days
Total Call OI
2,045
Nearest expiry
Total Put OI
3,968
Nearest expiry
P/C OI Ratio
1.94
Put-heavy
Spot Price
$166.18
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$168.00
9/25/2026, 11:34:30 PM
2026-10-02Updated
$168.00
10/2/2026, 11:34:47 PM
2026-10-09Next
$167.00
10/2/2026, 11:34:47 PM
2026-10-16
$170.00
10/2/2026, 11:34:47 PM
2026-10-23
$168.00
10/2/2026, 11:34:47 PM
2026-10-30
$169.00
10/2/2026, 11:34:47 PM
2026-11-06
$162.00
10/2/2026, 11:34:47 PM
2026-11-20
$170.00
10/2/2026, 11:34:47 PM
2026-12-18
$158.00
10/2/2026, 11:34:47 PM
2027-01-15
$150.00
10/2/2026, 11:34:47 PM
2027-03-19
$162.00
10/2/2026, 11:34:47 PM
2027-06-17
$162.00
10/2/2026, 11:34:47 PM
2027-09-17
$160.00
10/2/2026, 11:34:47 PM
Selected expiration: 2026-10-09 at max pain $167.00.
XLV pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
28352950
28352950
95
12000
26368950
26380950
100
38500
24384950
24423450
105
72000
22400950
22472950
110
163000
20416950
20579950
115
313000
18432950
18745950
120
468500
16448950
16917450
125
641000
14464950
15105950
130
817500
12480950
13298450
135
1012500
10496950
11509450
140
1243000
8512950
9755950
145
1510500
6529450
8039950
150
1778500
4585950
6364450
154
1992900
3033950
5026850
155
2046500
2650550
4697050
156
2100100
2269350
4369450
157
2153700
1888150
4041850
157.5
2180500
1759800
3940300
158
2207300
1631700
3839000
159
2260900
1376300
3637200
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.