What is PFE max pain this week?

PFE max pain for the nearest expiration (2026-05-22) is $25.50. Total call open interest: 57,656. Total put open interest: 66,505.

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 PFEMax Pain

PFE

Pfizer, Inc.Close $25.66EOD only

Max Pain

$25.50

Next expiry May 22, 2026

Expected Move

±$0.51

2.0% from close

Price Gap

-0.16

Distance to max pain

IV Rank

Low premium

P/C OI

0.95

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: May 19, 2026 close

End-of-day snapshot

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

Published Snapshot

May 19, 2026 close

Max Pain — PFE

Data as of market close May 19, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $25.50 (0.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$25.50

Nearest expiry

Expected Move

±$0.51

±2.0%

Days to Expiry

Calendar days

Total Call OI

57,656

Nearest expiry

Total Put OI

66,505

Nearest expiry

P/C OI Ratio

1.15

Put-heavy

Spot Price

$25.66

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-05-22

Expiration	Max Pain Strike	Last Updated
2026-05-08	$26.50	5/8/2026, 11:25:41 PM
2026-05-15	$26.00	5/15/2026, 11:28:52 PM
2026-05-22NextUpdated	$25.50	5/19/2026, 11:28:55 PM
2026-05-29	$26.00	5/19/2026, 11:28:55 PM
2026-06-05	$26.00	5/19/2026, 11:28:55 PM
2026-06-12	$26.00	5/19/2026, 11:28:55 PM
2026-06-18	$26.00	5/19/2026, 11:28:55 PM
2026-06-26	$26.00	5/19/2026, 11:28:55 PM
2026-07-17	$26.00	5/19/2026, 11:28:55 PM
2026-08-21	$26.00	5/19/2026, 11:28:55 PM
2026-09-18	$26.00	5/19/2026, 11:28:55 PM
2026-10-16	$26.00	5/19/2026, 11:28:55 PM
2026-11-20	$26.00	5/19/2026, 11:28:55 PM
2026-12-18	$27.00	5/19/2026, 11:28:55 PM
2027-01-15	$27.00	5/19/2026, 11:28:55 PM
2027-03-19	$27.00	5/19/2026, 11:28:55 PM

Selected expiration: 2026-05-22 at max pain $25.50.

PFE pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
15	0	63388800	63388800
16	3800	56741600	56745400
17	10000	50095900	50105900
18	17100	43450200	43467300
19	25400	36804500	36829900
20	34800	30160400	30195200
21	44400	23516500	23560900
21.5	49700	20194800	20244500
22	55150	16873350	16928500
22.5	61200	13551950	13613150
23	67750	10231100	10298850
23.5	74700	6921200	6995900
24	82150	3613450	3695600
24.5	103900	2373350	2477250
25	141500	1239450	1380950
25.5	354200	492200	846400
26	869450	160400	1029850
26.5	2191900	60150	2252050
27	4094900	2450	4097350
27.5	6461100	1800	6462900

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.