thetaOwl

PEG

Public Service Enterprise GroupClose $78.06EOD only
Max Pain
$80.00
Next expiry Jun 18, 2026
Expected Move
±$4.00
5.1% from close
Price Gap
+1.94
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.82
Slightly call-heavy
Consensus
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot

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

Published Snapshot
May 20, 2026 close
Max Pain — PEG
Data as of market close May 20, 2026

Nearest listed expiration 2026-06-18 shows max pain at $80.00 (1.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$4.00
±5.1%
Days to Expiry
29
Calendar days
Total Call OI
3,053
Nearest expiry
Total Put OI
3,465
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$78.06
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-06-18
ExpirationMax Pain StrikeLast Updated
2026-04-17$82.504/17/2026, 11:21:50 PM
2026-05-15$80.005/15/2026, 11:30:14 PM
2026-06-18NextUpdated$80.005/20/2026, 11:26:38 PM
2026-08-21$80.005/20/2026, 11:26:38 PM
2026-09-18$82.505/20/2026, 11:26:38 PM
2026-11-20$70.005/20/2026, 11:26:38 PM
2026-12-18$80.005/20/2026, 11:26:38 PM
2027-01-15$75.005/20/2026, 11:26:38 PM
Selected expiration: 2026-06-18 at max pain $80.00.
PEG pain by strike for 2026-06-18 expiration
StrikeCall PainPut PainTotal Pain
42.501065750010657500
45097920009792000
47.5089285008928500
50080650008065000
55063380006338000
60046110004611000
65028840002884000
70011570001157000
72.50315000315000
750169750169750
77.547506900073750
80465001350060000
82.51745000174500
853565000356500
87.59955000995500
90166850001668500
92.5237950002379500
95309950003099500
100461850004618500
105614400006144000
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.