What is PBR max pain this week?

PBR max pain for the nearest expiration (2026-10-09) is $21.00. Total call open interest: 14,644. Total put open interest: 16,931.

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 PBRMax Pain

PBR

Petroleo Brasileiro S.A. PetrobClose $21.65EOD only

Max Pain

$21.00

Next expiry Oct 9, 2026

Expected Move

±$1.74

8.0% from close

Price Gap

-0.65

Distance to max pain

IV Rank

Low premium

P/C OI

0.85

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

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

Published Snapshot

Oct 2, 2026 close

Max Pain — PBR

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $21.00 (0.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$21.00

Nearest expiry

Expected Move

±$1.74

±8.0%

Days to Expiry

Calendar days

Total Call OI

14,644

Nearest expiry

Total Put OI

16,931

Nearest expiry

P/C OI Ratio

1.16

Put-heavy

Spot Price

$21.65

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-10-09

Expiration	Max Pain Strike	Last Updated
2026-09-25	$19.50	9/25/2026, 11:27:14 PM
2026-10-02Updated	$18.50	10/2/2026, 11:24:43 PM
2026-10-09Next	$21.00	10/2/2026, 11:24:43 PM
2026-10-16	$20.00	10/2/2026, 11:24:43 PM
2026-10-23	$20.00	10/2/2026, 11:24:43 PM
2026-10-30	$21.00	10/2/2026, 11:24:43 PM
2026-11-06	$18.00	10/2/2026, 11:24:43 PM
2026-11-20	$20.00	10/2/2026, 11:24:43 PM
2026-12-18	$18.00	10/2/2026, 11:24:43 PM
2027-01-15	$17.00	10/2/2026, 11:24:43 PM
2027-02-19	$20.00	10/2/2026, 11:24:43 PM
2027-03-19	$20.00	10/2/2026, 11:24:43 PM
2027-04-16	$16.00	10/2/2026, 11:24:43 PM
2027-06-17	$17.00	10/2/2026, 11:24:43 PM
2027-09-17	$17.00	10/2/2026, 11:24:43 PM

Selected expiration: 2026-10-09 at max pain $21.00.

PBR pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
11	0	14818400	14818400
12	100	13125800	13125900
13	400	11433200	11433600
13.5	600	10586950	10587550
14.5	1100	8894450	8895550
15	1400	8048200	8049600
16	2000	6358600	6360600
16.5	2300	5513800	5516100
17	2600	4669050	4671650
17.5	5550	3844750	3850300
18	8600	3063750	3072350
18.5	11900	2357250	2369150
19	15900	1727500	1743400
19.5	32200	1190500	1222700
20	78000	783650	861650
20.5	140300	450350	590650
21	228650	166900	395550
21.5	410250	78100	488350
22	837300	40800	878100
22.5	1410550	5650	1416200

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.