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Max pain // Cboe delayed data · as of Oct 27, 1:41 PM ET

COIN max pain

Spot (delayed)$161.15
Max pain · Fri, Oct 30$170+5.5% vs spot
Expected move (ATM straddle)±$14.19±8.8% by Fri, Oct 30
Put/Call OI0.5035K puts / 71K calls
Call wall$180largest call OI
Put wall$100largest put OI
IV3070.1%30-day implied vol
Earnings · expectedThu, Oct 29usually after the close
Fri, Oct 30170Fri, Nov 6170Fri, Nov 13175Fri, Nov 20170Fri, Nov 27170Fri, Dec 4180Fri, Dec 18185Fri, Jan 15185Fri, Feb 19180Fri, Mar 19180Fri, Apr 16190+8 further out

Event risk before this expiration: FOMC decision Wed, Oct 28 — macro releases historically overwhelm pinning effects; max pain reads weakest in event weeks.

Max pain levels

ExpiryMax painvs spotDTE
Fri, Oct 30$170+5.5%3d← 1st expiry after earnings (Thu, Oct 29)
Fri, Nov 6$170+5.5%10d
Fri, Nov 13$175+8.6%17d
Fri, Nov 20$170+5.5%24d
Fri, Nov 27$170+5.5%31d
Fri, Dec 4$180+11.7%38d
Fri, Dec 18$185+14.8%52d
Fri, Jan 15$185+14.8%80d
Fri, Feb 19$180+11.7%115d
Fri, Mar 19$180+11.7%143d
Fri, Apr 16$190+17.9%171d

The writer-loss curve — where max pain comes from

spot17055104153202251300$806M$0
■ put-side pain■ call-side painTotal payout option writers would owe at each settle price (both sides, all open interest, ×100 shares) — low settles hurt put writers, high settles hurt call writers. The minimum — 170 — is the max pain price.

Open interest by strike · Fri, Oct 30

spot17055115149170192.522012K12K
■ calls (up)■ puts (down)COIN open contracts per strike for Fri, Oct 30.

Open-interest change · 2026-10-23 → 2026-10-26

spot70130157.5177.5197.5225+10K−10K
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot: where the walls are building and where they’re unwinding. Only strikes observed on both days are compared; 5 strikes were in only one day’s snapshot (each keeps its largest strikes) and are left out. Biggest moves: 172.5 +10K · 180 +9K · 170 +5K · 177.5 +4K

Volume by strike · Fri, Oct 30

spot17055115149170192.522011
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).

Greeks by strike · Fri, Oct 30

Call ΔCall ΘStrikeΓVegaPut ΘPut Δ
——143————
——145————
——149————
——150————
——152.5————
——155————
——157.5————
——160————
——162.5————
——165————
——167.5————
——170————
——172.5————
——175————
——177.5————

Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 53 are in the CSV. Δ per $1 of underlying · Θ per day · vega per IV point.

Stacked — layer the expirations

spot5513016018521025513K0
Call open interest per strike, stacked across the checked expirations — each color is one expiry. Strikes are pruned to the liquid center of each chain.

Max pain history — nearest expiry vs price

07-2808-1208-2709-1109-2810-13202.60145.00
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.

All expirations combined — total open interest

spot511016521033045034K34K
■ calls (up)■ puts (down)Every expiration combined: 515K call contracts, 442K put contracts open.

Reading this honestly

Max pain is arithmetic, not prophecy: the settle price that would minimize what option writers pay out at expiration, computed from open interest alone. Prices sometimes gravitate toward heavy strikes into expiry — dealer hedging is a real flow — but the evidence that max pain predicts settlement better than chance is mixed, and we are not going to pretend otherwise. Use it as a map of where positioning is stacked, next to the fundamentals and the earnings calendar, not as a target.

Data: Cboe delayed public feed (~15 minutes), refreshed here about every 15 minutes. Open interest itself updates once daily, before the open. Educational information, not investment advice.

Keep going: COIN workspace · max pain, explained in full · options profit calculator · iron condor and credit spread calculator · GEX, defined · pin risk