Max Pain — PAYO
Data as of market close Apr 2, 2026
PAYO Max Pain Data
- Max Pain Strike
- $4.00
- Expected Move
- ±$0.75 (±15.2%)
- Days to Expiry
- 15
- Total Call OI
- 18,534
- Total Put OI
- 134
- Put/Call OI Ratio
- 0.01
- Spot Price
- $4.92
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $4.00 | 4/3/2026, 1:19:27 AM |
| 2026-05-15 | $5.00 | 4/3/2026, 1:19:27 AM |
| 2026-08-21 | $6.00 | 4/3/2026, 1:19:27 AM |
| 2027-01-15 | $5.00 | 4/3/2026, 1:19:27 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 2 | 0 | 34000 | 34000 |
| 3 | 100 | 20600 | 20700 |
| 4 | 1000 | 7200 | 8200 |
| 5 | 9800 | 1100 | 10900 |
| 6 | 1768600 | 0 | 1768600 |
| 7 | 3611800 | 0 | 3611800 |
View max pain levels for PAYO 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.