What is PYPL max pain this week?

PYPL max pain for the nearest expiration (2026-08-21) is $55.00. Total call open interest: 94,561. Total put open interest: 52,468.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options PYPLMax Pain

PYPL

PayPal Holdings, Inc.Close $60.43EOD only

Max Pain

$55.00

Next expiry Aug 21, 2026

Expected Move

±$1.67

2.8% from close

Price Gap

-5.43

Distance to max pain

IV Rank

Low premium

P/C OI

0.49

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 2026 close

End-of-day snapshot

This page reflects PYPL 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 — PYPL

Data as of market close Aug 18, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $55.00 (5.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$55.00

Nearest expiry

Expected Move

±$1.67

±2.8%

Days to Expiry

Calendar days

Total Call OI

94,561

Nearest expiry

Total Put OI

52,468

Nearest expiry

P/C OI Ratio

0.55

Put-heavy

Spot Price

$60.43

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
2026-08-07	$53.00	8/7/2026, 11:29:06 PM
2026-08-14	$57.00	8/14/2026, 11:33:46 PM
2026-08-21NextUpdated	$55.00	8/18/2026, 11:28:13 PM
2026-08-28	$58.00	8/18/2026, 11:28:13 PM
2026-09-04	$55.00	8/18/2026, 11:28:13 PM
2026-09-11	$59.00	8/18/2026, 11:28:13 PM
2026-09-18	$50.00	8/18/2026, 11:28:13 PM
2026-09-25	$60.00	8/18/2026, 11:28:13 PM
2026-10-02	$60.00	8/18/2026, 11:28:13 PM
2026-10-16	$52.50	8/18/2026, 11:28:13 PM
2026-11-20	$50.00	8/18/2026, 11:28:13 PM
2026-12-18	$57.50	8/18/2026, 11:28:13 PM
2027-01-15	$50.00	8/18/2026, 11:28:13 PM
2027-03-19	$47.50	8/18/2026, 11:28:13 PM
2027-06-17	$50.00	8/18/2026, 11:28:13 PM

Selected expiration: 2026-08-21 at max pain $55.00.

PYPL pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
25	0	125820200	125820200
27.5	2250	112703700	112705950
30	4500	99587950	99592450
32.5	7000	86476450	86483450
35	11250	73393200	73404450
37.5	33000	60974700	61007700
40	63000	48904950	48967950
42.5	184500	39358450	39542950
44	363750	34095400	34459150
45	483650	30586900	31070550
46	741050	27292100	28033150
47	1001550	24003000	25004550
47.5	1133500	22359650	23493150
48	1426300	20824200	22250500
49	2038000	17763400	19801400
50	2654200	14713700	17367900
51	3664800	12756100	16420900
52	4679400	10811300	15490700
52.5	5190050	9868900	15058950
53	5772450	8929450	14701900

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.