CBOE: OVT · Real-Time Price · USD
22.18
-0.01 (-0.05%)
At close: Aug 15, 2025, 11:02 AM

Max Pain By Strike

OVT trades at $22.18, 16.7% above the near-term max pain of $19 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$19), reflecting growing call interest at higher strikes. Key magnetic zone at 19 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max Pain By Expiry

Max pain for OVT shows an upward trend from 8 to 19, suggesting bullish positioning in longer-dated options. The 66% spread signals divergent expectations across timeframes. Most levels below 22.18 may cap rallies. Strong magnetic level at 19 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.

Max Pain Table

Expiration Date Max Pain Max Pain vs Current Price
Sep 19, 2025 19 -3.18 (-14.34%)
Oct 17, 2025 19 -3.18 (-14.34%)
Nov 21, 2025 18 -4.18 (-18.85%)
Dec 19, 2025 8 -14.18 (-63.93%)
Feb 20, 2026 19 -3.18 (-14.34%)