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Solana max pain today
Max pain for every open Solana options expiry, from Deribit, OKX and Bybit open interest. The next expiry settles Sunday 25 October at 08:00 UTC with max pain at 102; SOL is 101.45. Last updated 24 October 2026, 13:12 UTC.
Right now (13:12 UTC): Next Solana options expiry: Sun 25 Oct, 08:00 UTC (in 19 h), max pain 102, +0.5 % from the current price of 101.45. Watch it live: Options chain →
Solana max pain right now
Updated 24 Oct 2026, 13:12 UTC · descriptive data, not advice
- Next Solana options expiry: Sun 25 Oct, 08:00 UTC (in 19 h), max pain 102, +0.5 % from the current price of 101.45.
- Next Friday expiry (30 Oct): max pain 105, 417,363 SOL open interest.
- Open SOL options across 6 expiries on Deribit, OKX and Bybit: 1,013,072 SOL ($103M).
Max pain for every expiry
Each dot is one expiry. If max pain were a magnet, the dots would sit on the dashed line at expiry; the record further down shows how often that happened.
| Expiry | Type | Max pain | From price | Open interest, SOL | Notional | Put/call | Expected move |
|---|---|---|---|---|---|---|---|
| Sun 25 Oct | DAILY | 102 | +0.5 % | 26,053 | $2.6M | 0.80 | ±2.2 % |
| Mon 26 Oct | DAILY | 102 | +0.5 % | 4,602 | $467k | 0.84 | ±3.2 % |
| Fri 30 Oct | MONTHLY | 105 | +3.5 % | 417,363 | $42M | 0.69 | ±6.2 % |
| Fri 06 Nov | WEEKLY | 104 | +2.5 % | 13,039 | $1.3M | 1.17 | ±10.4 % |
| Fri 27 Nov | MONTHLY | 107 | +5.5 % | 112,245 | $11M | 0.83 | ±16.2 % |
| Fri 25 Dec | QUARTERLY | 95 | -6.4 % | 439,770 | $45M | 0.66 | ±21.6 % |
Open interest from Deribit, OKX and Bybit added together. Expected move = what at-the-money implied volatility prices from now until 08:00 UTC on expiry day (one standard deviation). Monthly and quarterly expiries in bold.
The max pain curve for 30 October
For every possible settlement price, the curve adds up what all open calls and puts on 30 October would pay. Max pain is simply the lowest point: 105. 417,363 SOL of open interest, put/call 0.69.
Full breakdown of this expiry, with open interest by strike and the result after settlement: SOL options expiry 30 October.
Max pain against the real settlement
We store max pain for every expiry at 07:25 UTC, just before the 30-minute settlement window, and compare it with the price Deribit settles at. The first expiries are being recorded now; this table fills in after each 08:00 UTC settlement.
How max pain is calculated
- Take every open call and put for one expiry, with its strike and open interest.
- Pretend the expiry settles at a given price. A call pays settlement minus strike if that is positive; a put pays strike minus settlement. Multiply by open interest and add everything up.
- Do that for every strike. The settlement price with the smallest total is max pain.
It says where the open positions would pay out the least. It says nothing about who holds them, and no one is obliged to move the price there. The max pain guide goes deeper, including our test of whether Solana "pins" to max pain.
Open the live options chain SOL funding and open interestSOL levels nowGEX by strikeImplied vs realized vol
FAQ
What is Solana max pain?
Max pain is the settlement price at which Solana option holders, calls and puts together, would collect the least money at expiry. It is found by trying every strike as the settlement price and adding up what each open option would pay. It uses only open interest, so it is arithmetic on positions, not a forecast.
What is max pain today?
The table above shows max pain for every open expiry, starting with the one that settles next at 08:00 UTC. It is recalculated every few minutes from open interest on Deribit, OKX and Bybit.
Does the price move to max pain before expiry?
There is no rule that it should, and often it does not. Big expiries can settle thousands of dollars from max pain. This page keeps its own record of where each expiry settled compared with max pain just before the settlement window, so you can see how close it really came.
Why is max pain different on other sites?
Sites use different exchanges and update at different times. We add Deribit, OKX and Bybit together; a site that uses only Deribit, or yesterday's numbers, will often show another strike, especially for small daily expiries.
When do Solana options expire?
Deribit options settle at 08:00 UTC: daily options every day, weekly options on Fridays, monthly options on the last Friday of the month and quarterly options on the last Friday of March, June, September and December. The settlement price is the average of the index over the 30 minutes before 08:00.
What is the put/call ratio?
Open interest in puts divided by open interest in calls for the same expiry. Above 1 means more puts are open than calls. It counts positions, not who bought or sold them.