Packaging Corporation of AmericClose $229.31EOD only
Max Pain
$210.00
Next expiry Oct 16, 2026
Expected Move
±$7.95
3.5% from close
Price Gap
-19.31
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.22
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 5, 2026 close
End-of-day snapshot
This page reflects PKG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — PKG
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $210.00 (19.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$7.95
±3.5%
Days to Expiry
11
Calendar days
Total Call OI
586
Nearest expiry
Total Put OI
122
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$229.31
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
$230.00
8/21/2026, 11:25:43 PM
2026-09-18
$230.00
9/18/2026, 11:28:28 PM
2026-10-16NextUpdated
$210.00
10/5/2026, 11:25:46 PM
2026-11-20
$220.00
10/5/2026, 11:25:46 PM
2027-01-15
$230.00
10/5/2026, 11:25:46 PM
2027-04-16
$240.00
10/5/2026, 11:25:46 PM
Selected expiration: 2026-10-16 at max pain $210.00.
PKG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
1037500
1037500
130
0
977500
977500
135
0
918000
918000
140
0
859000
859000
150
0
741000
741000
155
500
683000
683500
160
1000
625500
626500
165
1500
570000
571500
170
2000
515500
517500
180
3000
407500
410500
185
3500
354000
357500
190
6500
300500
307000
195
9500
252000
261500
200
13500
206000
219500
210
37500
129000
166500
220
118500
57000
175500
230
310500
16000
326500
240
521500
2000
523500
250
802500
0
802500
260
1232500
0
1232500
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.