DVN1 Max Pain
The max pain price for DVN1 options is $40. Max pain is the strike where the combined payout to all DVN1 option holders would be smallest at expiration — this page explains how it is computed, where it sits today, and how it has moved over the past year.
Data as of Jul 9, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
DVN1 Max Pain vs. Share Price
DVN1 daily max pain strike and closing price, past year.
| Max pain strike | $40 |
| Call wall (largest call OI) | $50 |
| Put wall (largest put OI) | $40 |
Max pain has risen from $35 in Jun '26 to $40 today.
How it works: for every strike, sum what all open DVN1 calls and puts would pay out if the stock closed exactly there at expiration. The strike with the smallest total payout is max pain. Because it is driven by open interest, it moves as positions are opened and closed — it is a map of positioning, not a price target.
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DVN1 Options FAQ
What is the max pain price for DVN1 options?
The max pain price for DVN1 is $40 as of Jul 9, 2026. Max pain is the strike at which the total payout to option holders would be smallest if all contracts expired immediately.
How is DVN1 max pain calculated?
For every strike, OptiView sums what all open DVN1 call and put contracts would pay out if the stock closed exactly there at expiration. The strike with the smallest total payout is max pain — it is recomputed every trading day from open interest across all listed expirations.
Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.
Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.