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 Dick's Sporting Goods options about one week from expiration was $140.00. The chart above shows the exact max pain for each expiration date.

Dick's Sporting Goods closed above its near-term max pain on 18 of the last 20 trading days. On Nov 4, 2026 it closed at $147.54, 5.4% above max pain of $140.00.

Over the last 20 trading days, near-term max pain for Dick's Sporting Goods ranged from $131.00 to $140.00. It went from $131.29 on Oct 8, 2026 to $140.00 on Nov 4, 2026. See the DKS max pain history for a longer view.

Dick's Sporting Goods is a retailer that offers sports and outdoor apparel, footwear, and equipment online and in physical stores.