VIX Max Pain
VIX $18.39 · Updated Oct 26, 4:00 PM ET
VIX max pain for Oct 28, 2026 (2 days out) is $18.00, 2.1% below the current $18.39. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 24, 2026, max pain is $19.00.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 28, 2026 | 2 | $18.00 | -2.1% | 224,533 | 55,230 |
| Nov 4, 2026 | 9 | $20.00 | +8.8% | 33,058 | 13,785 |
| Nov 11, 2026 | 16 | $15.00 | -18.4% | 14,224 | 2,218 |
| Nov 18, 2026 | 23 | $18.50 | +0.6% | 4,656,081 | 1,433,843 |
| Nov 24, 2026 | 29 | $19.00 | +3.3% | 5,185 | 1,382 |
| Dec 16, 2026 | 51 | $19.00 | +3.3% | 2,154,105 | 708,264 |
| Jan 20, 2027 | 86 | $20.00 | +8.8% | 968,548 | 336,278 |
| Feb 17, 2027 | 114 | $20.00 | +8.8% | 270,154 | 161,791 |
| Mar 17, 2027 | 142 | $21.00 | +14.2% | 332,612 | 43,288 |
| Apr 21, 2027 | 177 | $20.00 | +8.8% | 72,164 | 25,867 |
How this is calculated: Max Pain methodology