Patterson-UTI Energy, Inc. (PTEN) Max Pain Analysis
Max pain is the strike price where aggregate option buyer payout is minimized at expiration. It represents the price at which option writers retain the most premium.
Patterson-UTI Energy, Inc. (PTEN) operates in the Energy sector, specifically the Oil & Gas Drilling industry, with a market capitalization near $4.56B, listed on NASDAQ, employing roughly 9,200 people, carrying a beta of 0.65 to the broader market. Patterson-UTI Energy, Inc. Led by William Andrew Hendricks Jr., public since 1993-11-02.
Snapshot as of May 15, 2026.
- Spot Price
- $12.36
- Total OI
- 127.6K
Learn how max pain is reported and how to read the data →
PTEN highest open-interest contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $11.00 | Aug 21, 2026 | 15 | 37.2K | 58.6% | $2.10 | $2.20 |
| CALL | $12.00 | Aug 21, 2026 | 26 | 35.7K | 56.2% | $1.55 | $1.65 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by oi within the broader S&P 500/400/600 + ETF universe.