Packaging Corporation of AmericClose $213.21EOD only
Max Pain
$210.00
Next expiry Jun 18, 2026
Expected Move
±$16.10
7.5% from close
Price Gap
-3.21
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.25
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — PKG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $210.00 (3.21 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
±$16.10
±7.5%
Days to Expiry
29
Calendar days
Total Call OI
669
Nearest expiry
Total Put OI
79
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$213.21
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$210.00
4/17/2026, 11:26:21 PM
2026-05-15
$210.00
5/15/2026, 11:31:44 PM
2026-06-18NextUpdated
$210.00
5/20/2026, 11:30:05 PM
2026-07-17
$220.00
5/20/2026, 11:30:05 PM
2026-10-16
$195.00
5/20/2026, 11:30:05 PM
Selected expiration: 2026-06-18 at max pain $210.00.
PKG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
276500
276500
155
0
237500
237500
160
0
199000
199000
165
0
161500
161500
170
0
125000
125000
175
0
91000
91000
180
0
61500
61500
185
0
39500
39500
190
0
28500
28500
195
0
21000
21000
200
0
15000
15000
210
0
6000
6000
220
9000
0
9000
230
602000
0
602000
240
1247000
0
1247000
250
1902000
0
1902000
260
2566000
0
2566000
290
4570000
0
4570000
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.