PANW Max Pain
PANW $391.50 · Updated Oct 26, 4:00 PM ET
PANW max pain for Oct 30, 2026 (4 days out) is $372.50, 4.9% below the current $391.50. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $395.00.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 30, 2026 | 4 | $372.50 | -4.9% | 19,380 | 28,056 |
| Nov 6, 2026 | 11 | $375.00 | -4.2% | 3,384 | 3,285 |
| Nov 13, 2026 | 18 | $365.00 | -6.8% | 4,915 | 4,363 |
| Nov 20, 2026 | 25 | $350.00 | -10.6% | 32,459 | 24,940 |
| Nov 27, 2026 | 32 | $395.00 | +0.9% | 2,077 | 2,571 |
| Dec 4, 2026 | 39 | $345.00 | -11.9% | 117 | 84 |
| Dec 18, 2026 | 53 | $265.00 | -32.3% | 49,935 | 48,571 |
| Jan 15, 2027 | 81 | $250.00 | -36.1% | 62,756 | 76,792 |
| Mar 19, 2027 | 144 | $310.00 | -20.8% | 23,673 | 22,094 |
| Apr 16, 2027 | 172 | $350.00 | -10.6% | 501 | 536 |
How this is calculated: Max Pain methodology