Progressive Corporation (The)Close $202.60EOD only
Max Pain
$200.00
Next expiry May 22, 2026
Expected Move
±$3.85
1.9% from close
Price Gap
-2.60
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.90
Balanced positioning
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — PGR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $200.00 (2.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$3.85
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
1,123
Nearest expiry
Total Put OI
871
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$202.60
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
$200.00
5/8/2026, 11:26:30 PM
2026-05-15
$200.00
5/15/2026, 11:30:48 PM
2026-05-22NextUpdated
$200.00
5/20/2026, 11:25:28 PM
2026-05-29
$200.00
5/20/2026, 11:25:28 PM
2026-06-05
$205.00
5/20/2026, 11:25:28 PM
2026-06-12
$200.00
5/20/2026, 11:25:28 PM
2026-06-18
$205.00
5/20/2026, 11:25:28 PM
2026-06-26
$200.00
5/20/2026, 11:25:28 PM
2026-07-17
$195.00
5/20/2026, 11:25:28 PM
2026-08-21
$205.00
5/20/2026, 11:25:28 PM
2026-09-18
$210.00
5/20/2026, 11:25:28 PM
2026-11-20
$205.00
5/20/2026, 11:25:28 PM
2026-12-18
$210.00
5/20/2026, 11:25:28 PM
2027-01-15
$210.00
5/20/2026, 11:25:28 PM
2027-03-19
$195.00
5/20/2026, 11:25:28 PM
Selected expiration: 2026-05-22 at max pain $200.00.
PGR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
4671750
4671750
160
0
2939750
2939750
165
0
2511250
2511250
175
2000
1654250
1656250
180
3000
1228250
1231250
185
4000
860750
864750
187.5
4500
683000
687500
190
5250
507250
512500
192.5
8000
353000
361000
195
12750
202750
215500
197.5
24500
123250
147750
200
50750
56750
107500
202.5
87750
26000
113750
205
188250
14000
202250
207.5
318250
7250
325500
210
470500
500
471000
212.5
718000
0
718000
215
978250
0
978250
217.5
1243500
0
1243500
220
1510500
0
1510500
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.