Papa John's International, Inc.Close $19.43EOD only
Max Pain
$20.00
Next expiry Oct 16, 2026
Expected Move
±$1.70
8.8% from close
Price Gap
+0.57
Distance to max pain
IV Rank
15
Low premium
P/C OI
0.24
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects PZZA 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 — PZZA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $20.00 (0.57 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.70
±8.8%
Days to Expiry
14
Calendar days
Total Call OI
10,174
Nearest expiry
Total Put OI
1,157
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$19.43
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
$27.50
8/21/2026, 11:28:08 PM
2026-09-18
$25.00
9/18/2026, 11:29:06 PM
2026-10-16NextUpdated
$20.00
10/2/2026, 11:25:58 PM
2026-11-20
$20.00
10/2/2026, 11:25:58 PM
2026-12-18
$30.00
10/2/2026, 11:25:58 PM
2027-01-15
$25.00
10/2/2026, 11:25:58 PM
2027-03-19
$25.00
10/2/2026, 11:25:58 PM
2027-04-16
$20.00
10/2/2026, 11:25:58 PM
2027-06-17
$25.00
10/2/2026, 11:25:58 PM
2027-09-17
$20.00
10/2/2026, 11:25:58 PM
Selected expiration: 2026-10-16 at max pain $20.00.
PZZA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
1037000
1037000
15
1250
748500
749750
17.5
6000
467500
473500
20
17250
225250
242500
22.5
213500
84000
297500
25
771750
40500
812250
27.5
2150000
32500
2182500
30
3675500
26500
3702000
32.5
5320000
20500
5340500
35
7016000
16000
7032000
37.5
9073000
11500
9084500
40
11142500
7000
11149500
42.5
13716750
4000
13720750
45
16383500
1000
16384500
50
21717000
0
21717000
55
27052000
0
27052000
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.