This page reflects PRGS 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 — PRGS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $35.00 (5.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.68
±12.6%
Days to Expiry
29
Calendar days
Total Call OI
1,821
Nearest expiry
Total Put OI
2,974
Nearest expiry
P/C OI Ratio
1.63
Put-heavy
Spot Price
$29.21
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
$27.50
4/17/2026, 11:26:39 PM
2026-05-15
$27.50
5/15/2026, 11:35:07 PM
2026-06-18NextUpdated
$35.00
5/20/2026, 11:29:07 PM
2026-09-18
$30.00
5/20/2026, 11:29:07 PM
2026-12-18
$37.50
5/20/2026, 11:29:07 PM
2027-01-15
$27.50
5/20/2026, 11:29:07 PM
Selected expiration: 2026-06-18 at max pain $35.00.
PRGS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
4889500
4889500
20
0
4146000
4146000
22.5
250
3427500
3427750
25
500
2720250
2720750
27.5
1250
2035500
2036750
30
13500
1359250
1372750
32.5
87500
694750
782250
35
284250
48750
333000
37.5
606250
28000
634250
40
959250
7250
966500
42.5
1329250
3500
1332750
45
1720750
1750
1722500
47.5
2132750
0
2132750
50
2550000
0
2550000
52.5
2973750
0
2973750
55
3406000
0
3406000
60
4310000
0
4310000
65
5214000
0
5214000
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.