Papa John's International, Inc.Close $35.82EOD only
Max Pain
$35.00
Next expiry Jul 17, 2026
Expected Move
±$3.90
10.9% from close
Price Gap
-0.82
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.65
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 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
Jul 2, 2026 close
Max Pain — PZZA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (0.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.90
±10.9%
Days to Expiry
15
Calendar days
Total Call OI
17,650
Nearest expiry
Total Put OI
19,046
Nearest expiry
P/C OI Ratio
1.08
Put-heavy
Spot Price
$35.82
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$35.00
5/15/2026, 11:33:12 PM
2026-06-18
$32.50
6/18/2026, 11:29:08 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:24:39 PM
2026-08-21
$37.50
7/3/2026, 11:24:39 PM
2026-09-18
$30.00
7/3/2026, 11:24:39 PM
2026-10-16
$25.00
7/3/2026, 11:24:39 PM
2026-12-18
$40.00
7/3/2026, 11:24:39 PM
2027-01-15
$30.00
7/3/2026, 11:24:39 PM
2027-03-19
$32.50
7/3/2026, 11:24:39 PM
Selected expiration: 2026-07-17 at max pain $35.00.
PZZA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
23175750
23175750
20
250
18414500
18414750
22.5
1250
13653500
13654750
25
2250
8896750
8899000
27.5
17500
5935750
5953250
30
33500
3093250
3126750
32.5
172500
749000
921500
35
530500
149250
679750
37.5
1165500
18500
1184000
40
2505250
7000
2512250
42.5
5339250
3000
5342250
45
9153500
500
9154000
47.5
13325000
0
13325000
50
17643750
0
17643750
55
26409750
0
26409750
60
35234750
0
35234750
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.