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 D.R. Horton options about one week from expiration was $145.29. The chart above shows the exact max pain for each expiration date.

D.R. Horton closed above its near-term max pain on 11 of the last 20 trading days. On Nov 4, 2026 it closed at $157.02, 8.1% above max pain of $145.29.

Over the last 20 trading days, near-term max pain for D.R. Horton ranged from $135.00 to $145.86. It went from $139.29 on Oct 8, 2026 to $145.29 on Nov 4, 2026. See the DHI max pain history for a longer view.

D.R.