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 Ventas options about one week from expiration was $85.12. The chart above shows the exact max pain for each expiration date.

Ventas closed above its near-term max pain on 8 of the last 20 trading days. On Nov 4, 2026 it closed at $89.20, 4.8% above max pain of $85.12.

Over the last 20 trading days, near-term max pain for Ventas ranged from $85.12 to $87.52. It went from $87.52 on Oct 8, 2026 to $85.12 on Nov 4, 2026. See the VTR max pain history for a longer view.

Ventas owns a diversified healthcare portfolio of almost 1,400 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care.