This page reflects PTEN 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 — PTEN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $9.00 (3.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.57
±4.7%
Days to Expiry
3
Calendar days
Total Call OI
90,547
Nearest expiry
Total Put OI
10,622
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$12.13
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
$11.00
6/18/2026, 11:28:09 PM
2026-07-17
$10.00
7/17/2026, 11:29:43 PM
2026-08-21NextUpdated
$9.00
8/18/2026, 11:22:03 PM
2026-09-18
$10.00
8/18/2026, 11:22:03 PM
2026-11-20
$11.00
8/18/2026, 11:22:03 PM
2027-01-15
$7.00
8/18/2026, 11:22:03 PM
2027-02-19
$10.00
8/18/2026, 11:22:03 PM
Selected expiration: 2026-08-21 at max pain $9.00.
PTEN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
8475500
8475500
2
100
7413300
7413400
3
200
6351700
6351900
4
400
5291200
5291600
5
2400
4233700
4236100
6
5500
3179900
3185400
7
10200
2131100
2141300
8
30200
1085400
1115600
9
65000
62200
127200
10
149500
20400
169900
11
1478600
6000
1484600
12
6535500
400
6535900
13
15226100
0
15226100
14
24071500
0
24071500
15
32943900
0
32943900
16
41950300
0
41950300
17
51002200
0
51002200
18
60056000
0
60056000
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.