What is PANW max pain this week?

PANW max pain for the nearest expiration (2026-07-10) is $285.00. Total call open interest: 6,079. Total put open interest: 5,234.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options PANWMax Pain

PANW

Palo Alto Networks, Inc.Close $348.06EOD only

Max Pain

$285.00

Next expiry Jul 10, 2026

Expected Move

±$20.75

6.0% from close

Price Gap

-63.06

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.02

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: Jul 2, 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

Jul 2, 2026 close

Max Pain — PANW

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $285.00 (63.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$285.00

Nearest expiry

Expected Move

±$20.75

±6.0%

Days to Expiry

Calendar days

Total Call OI

6,079

Nearest expiry

Total Put OI

5,234

Nearest expiry

P/C OI Ratio

0.86

Put-heavy

Spot Price

$348.06

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-07-10

Expiration	Max Pain Strike	Last Updated
2026-06-26	$280.00	6/26/2026, 11:26:34 PM
2026-07-02	$300.00	7/2/2026, 11:23:47 PM
2026-07-10NextUpdated	$285.00	7/3/2026, 11:23:24 PM
2026-07-17	$230.00	7/3/2026, 11:23:24 PM
2026-07-24	$275.00	7/3/2026, 11:23:24 PM
2026-07-31	$285.00	7/3/2026, 11:23:24 PM
2026-08-07	$265.00	7/3/2026, 11:23:24 PM
2026-08-21	$210.00	7/3/2026, 11:23:24 PM
2026-09-18	$190.00	7/3/2026, 11:23:24 PM
2026-10-16	$230.00	7/3/2026, 11:23:24 PM
2026-11-20	$200.00	7/3/2026, 11:23:24 PM
2026-12-18	$185.00	7/3/2026, 11:23:24 PM
2027-01-15	$200.00	7/3/2026, 11:23:24 PM
2027-03-19	$185.00	7/3/2026, 11:23:24 PM
2027-06-17	$220.00	7/3/2026, 11:23:24 PM

Selected expiration: 2026-07-10 at max pain $285.00.

PANW pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
80	0	83935500	83935500
85	0	81326000	81326000
115	0	65675000	65675000
135	0	55261000	55261000
140	500	52657500	52658000
150	1500	47454500	47456000
155	2000	44859000	44861000
160	6500	42263500	42270000
165	28500	39684000	39712500
170	50500	37121000	37171500
175	73000	34606500	34679500
180	106500	32204000	32310500
185	140000	29922500	30062500
190	222500	27655000	27877500
195	306500	25523500	25830000
200	413500	23480000	23893500
205	522500	21521500	22044000
210	632000	19605500	20237500
215	745000	18206000	18951000
220	879500	16858500	17738000

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.