Progressive Corporation (The)Close $207.23EOD only
Max Pain
$215.00
Next expiry Aug 21, 2026
Expected Move
±$5.17
2.5% from close
Price Gap
+7.77
Distance to max pain
IV Rank
25
Low premium
P/C OI
1.12
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects PGR 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 — PGR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $215.00 (7.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$215.00
Nearest expiry
Expected Move
±$5.17
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
7,678
Nearest expiry
Total Put OI
9,660
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$207.23
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
$205.00
8/7/2026, 11:29:03 PM
2026-08-14
$210.00
8/14/2026, 11:31:30 PM
2026-08-21NextUpdated
$215.00
8/18/2026, 11:27:10 PM
2026-08-28
$215.00
8/18/2026, 11:27:10 PM
2026-09-04
$210.00
8/18/2026, 11:27:10 PM
2026-09-11
$205.00
8/18/2026, 11:27:10 PM
2026-09-18
$210.00
8/18/2026, 11:27:10 PM
2026-09-25
$215.00
8/18/2026, 11:27:10 PM
2026-10-02
$200.00
8/18/2026, 11:27:10 PM
2026-11-20
$190.00
8/18/2026, 11:27:10 PM
2026-12-18
$225.00
8/18/2026, 11:27:10 PM
2027-01-15
$220.00
8/18/2026, 11:27:10 PM
2027-02-19
$230.00
8/18/2026, 11:27:10 PM
2027-03-19
$200.00
8/18/2026, 11:27:10 PM
2027-06-17
$230.00
8/18/2026, 11:27:10 PM
Selected expiration: 2026-08-21 at max pain $215.00.
PGR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
74260750
74260750
125
0
69432750
69432750
130
0
64604750
64604750
135
0
59776750
59776750
140
0
54956250
54956250
145
0
50136750
50136750
150
0
45325250
45325250
155
0
40520750
40520750
160
0
35774250
35774250
165
1000
31101750
31102750
170
3000
26465750
26468750
175
12500
21866250
21878750
180
32500
17485250
17517750
185
63500
13266250
13329750
187.5
79000
11443750
11522750
190
94500
9628250
9722750
192.5
114750
8031250
8146000
195
135000
6446250
6581250
197.5
162250
5030250
5192500
200
189500
3625500
3815000
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.