VIX Max Pain
VIX $18.60 · Updated Nov 10, 4:00 PM ET
VIX max pain for Nov 11, 2026 (1 day out) is $19.00, 2.2% above the current $18.60. That is the settlement price at which the open contracts on that date would pay holders the least. For Dec 9, 2026, max pain is $19.00.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Nov 11, 2026 | 1 | $19.00 | +2.2% | 183,053 | 36,176 |
| Nov 18, 2026 | 8 | $19.50 | +4.8% | 4,295,691 | 2,353,541 |
| Nov 24, 2026 | 14 | $19.00 | +2.2% | 22,581 | 53,036 |
| Dec 1, 2026 | 21 | $20.00 | +7.5% | 8,687 | 10,672 |
| Dec 9, 2026 | 29 | $19.00 | +2.2% | 6,052 | 1,261 |
| Dec 16, 2026 | 36 | $19.00 | +2.2% | 2,622,662 | 1,264,929 |
| Jan 20, 2027 | 71 | $20.00 | +7.5% | 1,336,452 | 534,425 |
| Feb 17, 2027 | 99 | $21.00 | +12.9% | 644,218 | 289,544 |
| Mar 17, 2027 | 127 | $22.00 | +18.3% | 409,610 | 70,018 |
| Apr 21, 2027 | 162 | $20.00 | +7.5% | 93,521 | 33,916 |
How this is calculated: Max Pain methodology