This page reflects PRGS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — PRGS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.50 (5.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$2.67
±6.2%
Days to Expiry
3
Calendar days
Total Call OI
1,165
Nearest expiry
Total Put OI
302
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$43.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$35.00
6/18/2026, 11:29:35 PM
2026-07-17
$32.50
7/17/2026, 11:33:21 PM
2026-08-21NextUpdated
$37.50
8/18/2026, 11:36:12 PM
2026-09-18
$32.50
8/18/2026, 11:36:12 PM
2026-12-18
$40.00
8/18/2026, 11:36:12 PM
2027-01-15
$30.00
8/18/2026, 11:36:12 PM
2027-03-19
$40.00
8/18/2026, 11:36:12 PM
Selected expiration: 2026-08-21 at max pain $37.50.
PRGS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
518250
518250
20
0
443000
443000
22.5
0
368250
368250
25
250
293750
294000
27.5
1500
220250
221750
30
3000
149500
152500
32.5
9500
84750
94250
35
17000
36500
53500
37.5
35000
10250
45250
40
60000
4250
64250
42.5
137750
0
137750
45
373000
0
373000
47.5
630500
0
630500
50
911500
0
911500
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.