This page reflects PGNY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — PGNY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (0.71 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
±$1.32
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
1,483
Nearest expiry
Total Put OI
1,926
Nearest expiry
P/C OI Ratio
1.30
Put-heavy
Spot Price
$25.71
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
2026-06-18
$22.50
6/18/2026, 11:30:07 PM
2026-07-17
$25.00
7/17/2026, 11:25:14 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:24:28 PM
2026-09-18
$25.00
8/18/2026, 11:24:28 PM
2026-11-20
$25.00
8/18/2026, 11:24:28 PM
2027-02-19
$25.00
8/18/2026, 11:24:28 PM
Selected expiration: 2026-08-21 at max pain $25.00.
PGNY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3259500
3259500
5
250
2778000
2778250
7.5
1000
2316250
2317250
10
2250
1888000
1890250
12.5
4000
1481750
1485750
15
6000
1096000
1102000
17.5
10750
817500
828250
20
23000
553250
576250
22.5
49250
323000
372250
25
80750
100500
181250
30
242750
0
242750
35
628750
0
628750
40
1353750
0
1353750
45
2094750
0
2094750
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.