Penske Automotive Group, Inc.Close $216.21EOD only
Max Pain
$220.00
Next expiry Aug 21, 2026
Expected Move
±$4.60
2.1% from close
Price Gap
+3.79
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.65
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects PAG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — PAG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $220.00 (3.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$4.60
±2.1%
Days to Expiry
3
Calendar days
Total Call OI
387
Nearest expiry
Total Put OI
219
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$216.21
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$150.00
6/18/2026, 11:25:35 PM
2026-07-17
$175.00
7/17/2026, 11:25:03 PM
2026-08-21NextUpdated
$220.00
8/18/2026, 11:32:11 PM
2026-09-18
$220.00
8/18/2026, 11:32:11 PM
2026-11-20
$200.00
8/18/2026, 11:32:11 PM
2027-02-19
$200.00
8/18/2026, 11:32:11 PM
Selected expiration: 2026-08-21 at max pain $220.00.
PAG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
1874500
1874500
85
0
1765000
1765000
90
0
1656500
1656500
95
0
1548500
1548500
100
0
1441000
1441000
105
0
1334000
1334000
110
0
1229000
1229000
115
0
1127500
1127500
120
0
1026000
1026000
125
0
929000
929000
130
0
832000
832000
135
0
750500
750500
140
0
670000
670000
145
0
591500
591500
150
0
514500
514500
155
0
455500
455500
160
0
402000
402000
165
0
350000
350000
170
0
299500
299500
175
0
249000
249000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.