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PANW

Palo Alto Networks, Inc.Close $375.76EOD only
Max Pain
$280.00
Next expiry Aug 21, 2026
Expected Move
±$17.20
4.6% from close
Price Gap
-95.76
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
1.05
Balanced positioning
Consensus
4/4
Partial coverage
Published snapshot: Aug 17, 2026 close
End-of-day snapshot

This page reflects PANW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Aug 17, 2026 close
Max Pain — PANW
Data as of market close Aug 17, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $280.00 (95.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$17.20
±4.6%
Days to Expiry
4
Calendar days
Total Call OI
39,480
Nearest expiry
Total Put OI
42,860
Nearest expiry
P/C OI Ratio
1.09
Put-heavy
Spot Price
$375.76
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$345.008/7/2026, 11:28:46 PM
2026-08-14$370.008/14/2026, 11:25:19 PM
2026-08-21NextUpdated$280.008/17/2026, 11:27:54 PM
2026-08-28$360.008/17/2026, 11:27:54 PM
2026-09-04$380.008/17/2026, 11:27:54 PM
2026-09-11$385.008/17/2026, 11:27:54 PM
2026-09-18$240.008/17/2026, 11:27:54 PM
2026-09-25$335.008/17/2026, 11:27:54 PM
2026-10-02$365.008/17/2026, 11:27:54 PM
2026-10-16$300.008/17/2026, 11:27:54 PM
2026-11-20$230.008/17/2026, 11:27:54 PM
2026-12-18$190.008/17/2026, 11:27:54 PM
2027-01-15$200.008/17/2026, 11:27:54 PM
2027-03-19$210.008/17/2026, 11:27:54 PM
2027-06-17$270.008/17/2026, 11:27:54 PM
Selected expiration: 2026-08-21 at max pain $280.00.
PANW pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
800594982000594982000
850573624000573624000
9013500552292500552306000
9531500531017000531048500
10049500510048500510098000
10567500489315000489382500
110115000468829000468944000
115180500448627500448808000
120249500428535500428785000
1251914500410274000412188500
1303584500392572000396156500
1355268500375668500380937000
1406962000359531500366493500
1458719000344222500352941500
15010546500329213500339760000
15512497500315088500327586000
16014480500301688500316169000
16516560500288532500305093000
17018746500275789500294536000
17521089500263196000284285500
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.