This page reflects PGEN 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 — PGEN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $5.00 (3.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$1.00
±11.7%
Days to Expiry
14
Calendar days
Total Call OI
42,715
Nearest expiry
Total Put OI
3,458
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$8.54
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$5.00
8/21/2026, 11:27:56 PM
2026-09-18
$5.00
9/18/2026, 11:28:23 PM
2026-10-16NextUpdated
$5.00
10/2/2026, 11:26:51 PM
2026-11-20
$6.00
10/2/2026, 11:26:51 PM
2027-01-15
$4.00
10/2/2026, 11:26:51 PM
2027-04-16
$5.00
10/2/2026, 11:26:51 PM
Selected expiration: 2026-10-16 at max pain $5.00.
PGEN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1171400
1171400
1.5
200
998500
998700
2
400
825600
826000
2.5
11850
652700
664550
3
23850
479800
503650
3.5
35850
424750
460600
4
48900
369700
418600
4.5
73250
318200
391450
5
110000
266700
376700
5.5
826050
217300
1043350
6
1770750
167900
1938650
7.5
5811600
28400
5840000
9
10838550
500
10839050
10
14509650
0
14509650
11
18780050
0
18780050
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.