What is PYPL max pain this week?

PYPL max pain for the nearest expiration (2026-10-09) is $54.00. Total call open interest: 12,854. Total put open interest: 5,093.

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 $52.80EOD only

Max Pain

$54.00

Next expiry Oct 9, 2026

Expected Move

±$1.86

3.5% from close

Price Gap

+1.20

Distance to max pain

IV Rank

Low premium

P/C OI

0.48

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 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

Oct 2, 2026 close

Max Pain — PYPL

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $54.00 (1.20 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$54.00

Nearest expiry

Expected Move

±$1.86

±3.5%

Days to Expiry

Calendar days

Total Call OI

12,854

Nearest expiry

Total Put OI

5,093

Nearest expiry

P/C OI Ratio

0.40

Put-heavy

Spot Price

$52.80

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-10-09

Expiration	Max Pain Strike	Last Updated
2026-09-25	$52.00	9/25/2026, 11:24:40 PM
2026-10-02Updated	$53.00	10/2/2026, 11:27:25 PM
2026-10-09Next	$54.00	10/2/2026, 11:27:25 PM
2026-10-16	$53.00	10/2/2026, 11:27:25 PM
2026-10-23	$53.00	10/2/2026, 11:27:25 PM
2026-10-30	$52.00	10/2/2026, 11:27:25 PM
2026-11-06	$55.00	10/2/2026, 11:27:25 PM
2026-11-20	$52.50	10/2/2026, 11:27:25 PM
2026-12-18	$55.00	10/2/2026, 11:27:25 PM
2027-01-15	$50.00	10/2/2026, 11:27:25 PM
2027-03-19	$47.50	10/2/2026, 11:27:25 PM
2027-04-16	$52.50	10/2/2026, 11:27:25 PM
2027-06-17	$50.00	10/2/2026, 11:27:25 PM
2027-09-17	$52.50	10/2/2026, 11:27:25 PM

Selected expiration: 2026-10-09 at max pain $54.00.

PYPL pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
43	0	5228900	5228900
45	0	4214300	4214300
46	4100	3710900	3715000
47	8200	3208800	3217000
48	16100	2712500	2728600
49	24000	2218100	2242100
49.5	27950	1973400	2001350
50	31900	1729300	1761200
51	64900	1341000	1405900
52	100500	1016700	1117200
53	145300	749700	895000
54	227000	614300	841300
55	385500	491300	876800
56	679600	384200	1063800
57	1189700	283900	1473600
58	1824500	191900	2016400
59	2506100	103600	2609700
60	3209700	20000	3229700
61	4073500	9900	4083400
62	4951200	0	4951200

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.