Protagonist Therapeutics, Inc.Close $140.06EOD only
Max Pain
$100.00
Next expiry Oct 16, 2026
Expected Move
±$10.75
7.7% from close
Price Gap
-40.06
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.35
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects PTGX 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 — PTGX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $100.00 (40.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$10.75
±7.7%
Days to Expiry
14
Calendar days
Total Call OI
412
Nearest expiry
Total Put OI
187
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$140.06
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
$135.00
8/21/2026, 11:28:43 PM
2026-09-18
$140.00
9/18/2026, 11:29:00 PM
2026-10-16NextUpdated
$100.00
10/2/2026, 11:25:24 PM
2026-11-20
$125.00
10/2/2026, 11:25:24 PM
2027-01-15
$90.00
10/2/2026, 11:25:24 PM
2027-04-16
$100.00
10/2/2026, 11:25:24 PM
Selected expiration: 2026-10-16 at max pain $100.00.
PTGX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
1307500
1307500
55
0
1214000
1214000
60
0
1120500
1120500
65
0
1027000
1027000
70
16000
933500
949500
75
47500
840000
887500
80
86500
746500
833000
85
133500
654500
788000
90
181500
563000
744500
95
229500
471500
701000
100
277500
410500
688000
105
328000
353500
681500
110
378500
297500
676000
115
430000
241500
671500
120
483500
186000
669500
125
544500
130500
675000
130
606500
88000
694500
135
668500
55500
724000
140
748500
29000
777500
145
841500
19000
860500
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.