SPX Max Pain
SPX $7,676.77 · Updated Oct 26, 4:00 PM ET
SPX max pain for Oct 27, 2026 (1 day out) is $7,700.00, 0.3% above the current $7,676.77. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 25, 2026, max pain is $7,725.00.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 27, 2026 | 1 | $7,700.00 | +0.3% | 123,805 | 148,210 |
| Oct 28, 2026 | 2 | $7,705.00 | +0.4% | 56,902 | 104,737 |
| Oct 29, 2026 | 3 | $7,725.00 | +0.6% | 37,367 | 95,168 |
| Oct 30, 2026 | 4 | $7,725.00 | +0.6% | 428,700 | 718,673 |
| Nov 2, 2026 | 7 | $7,775.00 | +1.3% | 42,995 | 87,985 |
| Nov 3, 2026 | 8 | $7,750.00 | +1.0% | 28,763 | 68,189 |
| Nov 4, 2026 | 9 | $7,725.00 | +0.6% | 48,270 | 49,287 |
| Nov 5, 2026 | 10 | $7,750.00 | +1.0% | 16,906 | 34,402 |
| Nov 6, 2026 | 11 | $7,740.00 | +0.8% | 106,377 | 341,855 |
| Nov 9, 2026 | 14 | $7,750.00 | +1.0% | 11,496 | 21,225 |
| Nov 10, 2026 | 15 | $7,750.00 | +1.0% | 6,629 | 15,829 |
| Nov 11, 2026 | 16 | $7,810.00 | +1.7% | 6,717 | 24,684 |
How this is calculated: Max Pain methodology