What is PYPL max pain this week?

PYPL max pain for the nearest expiration (2026-05-22) is $45.50. Total call open interest: 50,315. Total put open interest: 17,874.

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 $44.38EOD only

Max Pain

$45.50

Next expiry May 22, 2026

Expected Move

±$0.95

2.1% from close

Price Gap

+1.13

Distance to max pain

IV Rank

Low premium

P/C OI

0.50

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 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

May 20, 2026 close

Max Pain — PYPL

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $45.50 (1.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$45.50

Nearest expiry

Expected Move

±$0.95

±2.1%

Days to Expiry

Calendar days

Total Call OI

50,315

Nearest expiry

Total Put OI

17,874

Nearest expiry

P/C OI Ratio

0.36

Put-heavy

Spot Price

$44.38

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-05-22

Expiration	Max Pain Strike	Last Updated
2026-05-08	$47.00	5/8/2026, 11:26:52 PM
2026-05-15	$45.50	5/15/2026, 11:33:39 PM
2026-05-22NextUpdated	$45.50	5/20/2026, 11:29:26 PM
2026-05-29	$45.00	5/20/2026, 11:29:26 PM
2026-06-05	$47.00	5/20/2026, 11:29:26 PM
2026-06-12	$45.00	5/20/2026, 11:29:26 PM
2026-06-18	$50.00	5/20/2026, 11:29:26 PM
2026-06-26	$45.00	5/20/2026, 11:29:26 PM
2026-07-17	$45.00	5/20/2026, 11:29:26 PM
2026-09-18	$50.00	5/20/2026, 11:29:26 PM
2026-10-16	$50.00	5/20/2026, 11:29:26 PM
2026-11-20	$50.00	5/20/2026, 11:29:26 PM
2026-12-18	$60.00	5/20/2026, 11:29:26 PM
2027-01-15	$50.00	5/20/2026, 11:29:26 PM
2027-03-19	$47.50	5/20/2026, 11:29:26 PM

Selected expiration: 2026-05-22 at max pain $45.50.

PYPL pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
25	0	34442600	34442600
30	0	25507600	25507600
35	0	16615600	16615600
36	1700	14842500	14844200
37	7000	13070200	13077200
38	12500	11301400	11313900
39	19000	9534000	9553000
40	25500	7770600	7796100
40.5	41200	6896150	6937350
41	56900	6022750	6079650
41.5	74550	5162250	5236800
42	93450	4309900	4403350
42.5	113800	3572750	3686550
43	134650	2850850	2985500
43.5	165200	2192250	2357450
44	203100	1621450	1824550
44.5	260950	1204350	1465300
45	357200	878200	1235400
45.5	544100	631900	1176000
46	907250	405850	1313100

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.