Max Pain — PANW
Data as of market close Apr 2, 2026
PANW Max Pain Data
- Max Pain Strike
- $157.50
- Expected Move
- ±$7.08 (±4.3%)
- Days to Expiry
- 8
- Total Call OI
- 4,616
- Total Put OI
- 5,319
- Put/Call OI Ratio
- 1.15
- Spot Price
- $163.21
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $160.00 | 3/27/2026, 2:53:48 PM |
| 2026-04-02 | $157.50 | 4/1/2026, 8:31:46 PM |
| 2026-04-10 | $157.50 | 4/3/2026, 1:19:04 AM |
| 2026-04-17 | $165.00 | 4/3/2026, 1:19:04 AM |
| 2026-04-24 | $160.00 | 4/3/2026, 1:19:04 AM |
| 2026-05-01 | $160.00 | 4/3/2026, 1:19:04 AM |
| 2026-05-08 | $165.00 | 4/3/2026, 1:19:04 AM |
| 2026-05-15 | $165.00 | 4/3/2026, 1:19:04 AM |
| 2026-06-18 | $170.00 | 4/3/2026, 1:19:04 AM |
| 2026-07-17 | $165.00 | 4/3/2026, 1:19:04 AM |
| 2026-08-21 | $150.00 | 4/3/2026, 1:19:04 AM |
| 2026-09-18 | $175.00 | 4/3/2026, 1:19:04 AM |
| 2026-11-20 | $165.00 | 4/3/2026, 1:19:04 AM |
| 2026-12-18 | $170.00 | 4/3/2026, 1:19:04 AM |
| 2027-01-15 | $180.00 | 4/3/2026, 1:19:04 AM |
| 2027-03-19 | $140.00 | 4/3/2026, 1:19:04 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 100 | 0 | 27750300 | 27750300 |
| 105 | 0 | 25091300 | 25091300 |
| 110 | 1000 | 22432300 | 22433300 |
| 115 | 2000 | 19799800 | 19801800 |
| 120 | 3000 | 17169800 | 17172800 |
| 125 | 4000 | 14544300 | 14548300 |
| 130 | 7500 | 11940300 | 11947800 |
| 135 | 11000 | 9343800 | 9354800 |
| 140 | 15000 | 6849800 | 6864800 |
| 142 | 23200 | 5871600 | 5894800 |
| 143 | 28000 | 5385600 | 5413600 |
| 144 | 33200 | 4904300 | 4937500 |
| 145 | 38700 | 4430300 | 4469000 |
| 146 | 51500 | 4012500 | 4064000 |
| 147 | 67600 | 3599200 | 3666800 |
| 148 | 90500 | 3193200 | 3283700 |
| 149 | 119400 | 2791300 | 2910700 |
| 150 | 153300 | 2413000 | 2566300 |
| 152.5 | 247050 | 1644750 | 1891800 |
| 155 | 354800 | 914500 | 1269300 |
View max pain levels for PANW options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.