What is PFE max pain this week?

PFE max pain for the nearest expiration (2026-08-21) is $25.00. Total call open interest: 179,869. Total put open interest: 211,822.

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 $26.87EOD only

Max Pain

$25.00

Next expiry Aug 21, 2026

Expected Move

±$0.46

1.7% from close

Price Gap

-1.87

Distance to max pain

IV Rank

Low premium

P/C OI

0.82

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 17, 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

Aug 17, 2026 close

Max Pain — PFE

Data as of market close Aug 17, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $25.00 (1.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$25.00

Nearest expiry

Expected Move

±$0.46

±1.7%

Days to Expiry

Calendar days

Total Call OI

179,869

Nearest expiry

Total Put OI

211,822

Nearest expiry

P/C OI Ratio

1.18

Put-heavy

Spot Price

$26.87

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-08-21

Expiration	Max Pain Strike	Last Updated
2026-08-07	$25.00	8/7/2026, 11:27:55 PM
2026-08-14	$26.50	8/14/2026, 11:26:05 PM
2026-08-21NextUpdated	$25.00	8/17/2026, 11:27:16 PM
2026-08-28	$26.00	8/17/2026, 11:27:16 PM
2026-09-04	$26.00	8/17/2026, 11:27:16 PM
2026-09-11	$26.50	8/17/2026, 11:27:16 PM
2026-09-18	$25.00	8/17/2026, 11:27:16 PM
2026-09-25	$26.00	8/17/2026, 11:27:16 PM
2026-10-02	$26.00	8/17/2026, 11:27:16 PM
2026-10-16	$25.00	8/17/2026, 11:27:16 PM
2026-11-20	$25.00	8/17/2026, 11:27:16 PM
2026-12-18	$25.00	8/17/2026, 11:27:16 PM
2027-01-15	$26.00	8/17/2026, 11:27:16 PM
2027-03-19	$27.00	8/17/2026, 11:27:16 PM
2027-06-17	$25.00	8/17/2026, 11:27:16 PM

Selected expiration: 2026-08-21 at max pain $25.00.

PFE pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
14	0	200456000	200456000
15	1200	179274100	179275300
16	2800	158092200	158095000
17	5200	136910500	136915700
18	7800	116040800	116048600
19	10400	95647100	95657500
20	13100	75260100	75273200
20.5	19200	65098300	65117500
21	25400	54936500	54961900
21.5	31750	45009950	45041700
22	38250	35083550	35121800
22.5	62100	25646000	25708100
23	87800	16336450	16424250
23.5	142150	11958650	12100800
24	198000	7613850	7811850
24.5	752850	4848050	5600900
25	1378750	2627700	4006450
25.5	2989000	1499550	4488550
26	4918500	491350	5409850
26.5	10449350	208050	10657400

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.