PEP Max Pain
PEP $135.46 · Updated Oct 26, 4:00 PM ET
PEP max pain for Oct 30, 2026 (4 days out) is $131.00, 3.3% below the current $135.46. 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 $132.00.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 30, 2026 | 4 | $131.00 | -3.3% | 10,204 | 7,176 |
| Nov 6, 2026 | 11 | $130.00 | -4.0% | 3,526 | 1,767 |
| Nov 13, 2026 | 18 | $132.00 | -2.6% | 4,802 | 2,715 |
| Nov 20, 2026 | 25 | $135.00 | -0.3% | 24,426 | 19,568 |
| Nov 27, 2026 | 32 | $132.00 | -2.6% | 4,394 | 614 |
| Dec 4, 2026 | 39 | $132.00 | -2.6% | 99 | 89 |
| Dec 18, 2026 | 53 | $135.00 | -0.3% | 56,966 | 17,069 |
| Jan 15, 2027 | 81 | $140.00 | +3.4% | 45,971 | 27,319 |
| Mar 19, 2027 | 144 | $135.00 | -0.3% | 38,773 | 19,782 |
| Apr 16, 2027 | 172 | $135.00 | -0.3% | 1,382 | 1,641 |
How this is calculated: Max Pain methodology