This page reflects PTEN 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 — PTEN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $12.00 (0.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.00
±8.9%
Days to Expiry
14
Calendar days
Total Call OI
767
Nearest expiry
Total Put OI
5,370
Nearest expiry
P/C OI Ratio
7.00
Put-heavy
Spot Price
$11.21
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
$9.00
8/21/2026, 11:27:33 PM
2026-09-18
$13.00
9/18/2026, 11:26:51 PM
2026-10-16NextUpdated
$12.00
10/2/2026, 11:27:22 PM
2026-11-20
$11.00
10/2/2026, 11:27:22 PM
2027-01-15
$9.00
10/2/2026, 11:27:22 PM
2027-02-19
$10.00
10/2/2026, 11:27:22 PM
2027-05-21
$13.00
10/2/2026, 11:27:22 PM
Selected expiration: 2026-10-16 at max pain $12.00.
PTEN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
1565600
1565600
10
300
1028800
1029100
11
1100
513800
514900
12
6400
5200
11600
13
29500
2100
31600
14
90900
600
91500
15
161400
500
161900
16
235500
400
235900
17
311900
300
312200
20
542000
0
542000
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.