This page reflects PTEN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — PTEN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $10.00 (1.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.73
±8.4%
Days to Expiry
15
Calendar days
Total Call OI
3,866
Nearest expiry
Total Put OI
773
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$8.66
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$9.00
5/15/2026, 11:31:11 PM
2026-06-18
$11.00
6/18/2026, 11:28:09 PM
2026-07-17NextUpdated
$10.00
7/3/2026, 11:25:47 PM
2026-08-21
$9.00
7/3/2026, 11:25:47 PM
2026-11-20
$11.00
7/3/2026, 11:25:47 PM
2027-01-15
$7.00
7/3/2026, 11:25:47 PM
Selected expiration: 2026-07-17 at max pain $10.00.
PTEN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
404300
404300
5
0
327100
327100
8
300
96100
96400
9
1100
54500
55600
10
16000
25300
41300
11
60700
11600
72300
12
122900
3900
126800
13
242200
1600
243800
14
592000
1300
593300
15
958200
1000
959200
16
1339700
700
1340400
18
2110900
300
2111200
19
2497500
100
2497600
20
2884100
0
2884100
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.