What is PBR max pain this week?

PBR max pain for the nearest expiration (2026-07-10) is $17.50. Total call open interest: 3,141. Total put open interest: 9,909.

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 $16.11EOD only

Max Pain

$17.50

Next expiry Jul 10, 2026

Expected Move

±$0.53

3.3% from close

Price Gap

+1.39

Distance to max pain

IV Rank

Low premium

P/C OI

1.15

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Jul 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

Jul 2, 2026 close

Max Pain — PBR

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $17.50 (1.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$17.50

Nearest expiry

Expected Move

±$0.53

±3.3%

Days to Expiry

Calendar days

Total Call OI

3,141

Nearest expiry

Total Put OI

9,909

Nearest expiry

P/C OI Ratio

3.15

Put-heavy

Spot Price

$16.11

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	$16.50	6/26/2026, 11:25:52 PM
2026-07-02	$16.50	7/2/2026, 11:25:14 PM
2026-07-10NextUpdated	$17.50	7/3/2026, 11:24:31 PM
2026-07-17	$18.00	7/3/2026, 11:24:31 PM
2026-07-24	$17.00	7/3/2026, 11:24:31 PM
2026-07-31	$16.50	7/3/2026, 11:24:31 PM
2026-08-07	$17.00	7/3/2026, 11:24:31 PM
2026-08-21	$19.00	7/3/2026, 11:24:31 PM
2026-09-18	$18.00	7/3/2026, 11:24:31 PM
2026-10-16	$19.00	7/3/2026, 11:24:31 PM
2026-11-20	$19.00	7/3/2026, 11:24:31 PM
2026-12-18	$15.00	7/3/2026, 11:24:31 PM
2027-01-15	$17.00	7/3/2026, 11:24:31 PM
2027-02-19	$17.00	7/3/2026, 11:24:31 PM
2027-03-19	$20.00	7/3/2026, 11:24:31 PM
2027-06-17	$17.00	7/3/2026, 11:24:31 PM

Selected expiration: 2026-07-10 at max pain $17.50.

PBR pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
11	0	5568000	5568000
12	200	4577200	4577400
13	500	3586500	3587000
14	900	2595800	2596700
14.5	1100	2100450	2101550
15	1300	1605150	1606450
15.5	6050	1120900	1126950
16	10800	799450	810250
16.5	24700	492350	517050
17	55300	195300	250600
17.5	108300	55050	163350
18	186750	3200	189950
18.5	308350	2800	311150
19	433300	2400	435700
19.5	562850	2050	564900
20	693250	1800	695050
20.5	831800	1550	833350
21	970400	1300	971700
21.5	1125050	1100	1126150
22	1279800	950	1280750

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.