Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Avista options about one week from expiration was $35.00. The chart above shows the exact max pain for each expiration date.

Avista closed above its near-term max pain on 12 of the last 20 trading days. On Nov 4, 2026 it closed at $40.21, 14.9% above max pain of $35.00.

Over the last 20 trading days, near-term max pain for Avista ranged from $34.43 to $40.03. It went from $40.03 on Oct 8, 2026 to $35.00 on Nov 4, 2026. See the AVA max pain history for a longer view.

Avista Corp is an electric and natural gas utility company.