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 Etsy options about one week from expiration was $86.00. The chart above shows the exact max pain for each expiration date.

Etsy closed above its near-term max pain on 20 of the last 20 trading days. On Nov 4, 2026 it closed at $96.27, 11.9% above max pain of $86.00.

Over the last 20 trading days, near-term max pain for Etsy ranged from $74.29 to $86.00. It went from $74.29 on Oct 8, 2026 to $86.00 on Nov 4, 2026. See the ETSY max pain history for a longer view.

Founded in 2005, Etsy operates a leading global marketplace, connecting roughly 87 million active buyers and 6 million sellers of unique, handmade, and vintage goods.