Progressive Corporation (The)Close $232.22EOD only
Max Pain
$205.00
Next expiry Jul 10, 2026
Expected Move
±$3.02
1.3% from close
Price Gap
-27.22
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
0.82
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — PGR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $205.00 (27.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$205.00
Nearest expiry
Expected Move
±$3.02
±1.3%
Days to Expiry
8
Calendar days
Total Call OI
866
Nearest expiry
Total Put OI
958
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$232.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$202.50
6/26/2026, 11:27:38 PM
2026-07-02
$220.00
7/2/2026, 11:27:08 PM
2026-07-10NextUpdated
$205.00
7/3/2026, 11:26:48 PM
2026-07-17
$200.00
7/3/2026, 11:26:48 PM
2026-07-24
$210.00
7/3/2026, 11:26:48 PM
2026-07-31
$200.00
7/3/2026, 11:26:48 PM
2026-08-07
$200.00
7/3/2026, 11:26:48 PM
2026-08-21
$215.00
7/3/2026, 11:26:48 PM
2026-09-18
$210.00
7/3/2026, 11:26:48 PM
2026-11-20
$210.00
7/3/2026, 11:26:48 PM
2026-12-18
$220.00
7/3/2026, 11:26:48 PM
2027-01-15
$200.00
7/3/2026, 11:26:48 PM
2027-02-19
$145.00
7/3/2026, 11:26:48 PM
2027-03-19
$210.00
7/3/2026, 11:26:48 PM
2027-06-17
$220.00
7/3/2026, 11:26:48 PM
Selected expiration: 2026-07-10 at max pain $205.00.
PGR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
3572250
3572250
165
0
3094750
3094750
170
0
2620250
2620250
175
0
2147250
2147250
180
0
1675750
1675750
185
1000
1208250
1209250
190
2000
748750
750750
195
4500
424250
428750
200
7000
333750
340750
205
27500
248250
275750
207.5
104500
208000
312500
210
182250
168250
350500
212.5
319750
134500
454250
215
460000
103250
563250
217.5
616250
76500
692750
220
777500
49750
827250
222.5
944000
23750
967750
225
1114500
0
1114500
227.5
1293000
0
1293000
230
1480500
0
1480500
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.