0dteclose Arm a rule
SPY0DTE session2026-09-25official close
CBOE's official close field when the payload carries it; otherwise the last delayed print, and the row says so (last_delayed_print). SPXW PM settlement uses the official closing index value, which can differ from the last print by cents.

SPY 0DTE session 2026-09-25: close 771.35, 5.35 pts from max pain

771.355.35 pts from max pain 766official close (cboe_close) · 0.69% · measured from 110 delayed snapshots · last verified 2026-09-25
Open768.79
High772.28
Low766.29
Prev close767.18
Max pain 3:30 → close
The strike at which the session's expiring contracts would pay out the least intrinsic value in total, weighting every call and put by its open interest — this session's 0DTE contracts only (SPXW for SPX), from CBOE's once-a-day open interest. A modeled level, not a target.
766 → 766
Nearest strike7710.35 pts from the close
Walls at 3:30
Call wall: the strike with the largest 0DTE call open interest at or above spot. Put wall: the same for puts at or below spot. Both are searched within 2× the ATM straddle, never less than 0.5% of spot, so deep out-of-the-money strikes do not count.
772 / 767call / put
9:45 straddle vs range
The mid of the call plus the mid of the put at the strike nearest spot: what the 0DTE market was charging for a move to the close in either direction. A price, not a range the close has to respect.
±2.58 / 5.99implied / realized
SPY 0DTE post-mortem card 2026-09-25
SPY 0DTE session 2026-09-25: delayed spot path into the closeSPY delayed spot path on 2026-09-25 from 9:33am to 3:59pm ET (88 points, 15-min delayed); max pain at the close 766; call wall 772, put wall 767 at 3:30pm; official close 771.3576676877077210:0011:0012:0013:0014:0015:0016:009:33am ET3:59pm ETcall wall 772close 771.35put wall 767max pain 766
Delayed spot path, one point per collector snapshot (5 min; 2 min after 3:15pm ET), as-of times are the prints' times (publish − 15 min). Lines: max pain at the close, call/put walls at 3:30pm, official close. Not a chart of trades.

Quick answers

Did SPY pin at max pain on 2026-09-25?

The official close 771.35 landed 5.35 pts (0.69%) from the 0DTE max-pain strike 766. Whether that counts as a "pin" depends on the threshold you pick — see the measured pin rate for the distribution.

What were the SPY 0DTE walls at 3:30pm?

Call wall 772, put wall 767 — the largest 0DTE open interest above and below spot within 2× the ATM straddle at the 3:30 snapshot (delayed). Modeled levels, not targets.

Implied vs realized on 2026-09-25?

The 9:45am ATM straddle priced a ±2.58 move; the session's high-low range was 5.99.

Cite this

0dteclose. "SPY 0DTE session 2026-09-25: close 771.35, max pain 766, 5.35 pts from max pain." https://0dteclose.com/sessions/spy/2026-09-25/ (15-min delayed CBOE data, official close).

Embed the card: <img src="https://0dteclose.com/cards/2026-09-25/SPY-postmortem.png" alt="SPY 0DTE post-mortem 2026-09-25"> — CC BY 4.0, link back.

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