This page reflects PGY 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 — PGY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $20.00 (2.02 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.73
±9.6%
Days to Expiry
14
Calendar days
Total Call OI
10,309
Nearest expiry
Total Put OI
14,199
Nearest expiry
P/C OI Ratio
1.38
Put-heavy
Spot Price
$17.98
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
$16.00
8/21/2026, 11:27:04 PM
2026-09-18
$20.00
9/18/2026, 11:27:01 PM
2026-10-16NextUpdated
$20.00
10/2/2026, 11:26:25 PM
2026-11-20
$18.00
10/2/2026, 11:26:25 PM
2027-01-15
$16.00
10/2/2026, 11:26:25 PM
2027-02-19
$18.00
10/2/2026, 11:26:25 PM
2027-05-21
$17.00
10/2/2026, 11:26:25 PM
2027-06-17
$5.00
10/2/2026, 11:26:25 PM
Selected expiration: 2026-10-16 at max pain $20.00.
PGY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
8016900
8016900
14
1400
5185300
5186700
15
2100
3772800
3774900
16
16100
2492100
2508200
17
32300
1658500
1690800
18
53800
944200
998000
19
147000
530600
677600
20
293500
280700
574200
21
1011100
110000
1121100
22
1762600
49200
1811800
23
2557800
32900
2590700
24
3385400
21600
3407000
25
4244100
10400
4254500
26
5149100
100
5149200
27
6090400
0
6090400
28
7070100
0
7070100
29
8097500
0
8097500
30
9126600
0
9126600
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.