PG&E Corporation (PCG)
PG&E Max Pain By Strike
PCG trades at $15.18, pinned near the near-term max pain of $15 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($13.5-$17), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 8 expirations converge.
PG&E Max Pain By Expiry
Max pain for PCG shows a downward trend from 17 to 13.5, indicating bearish sentiment or hedging activity. The 24% spread signals divergent expectations across timeframes. Most levels below 15.18 may cap rallies. Strong magnetic level at 15 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 15 | -0.18 (-1.15%) |
| Aug 22, 2025 | 13.5 | -1.68 (-11.04%) |
| Aug 29, 2025 | 14 | -1.18 (-7.74%) |
| Sep 5, 2025 | 14.5 | -0.68 (-4.45%) |
| Sep 12, 2025 | 14.5 | -0.68 (-4.45%) |
| Sep 19, 2025 | 15 | -0.18 (-1.15%) |
| Sep 26, 2025 | 14.5 | -0.68 (-4.45%) |
| Oct 17, 2025 | 14 | -1.18 (-7.74%) |
| Dec 19, 2025 | 14 | -1.18 (-7.74%) |
| Jan 16, 2026 | 15 | -0.18 (-1.15%) |
| Mar 20, 2026 | 17 | 1.82 (12.03%) |
| Jun 18, 2026 | 17 | 1.82 (12.03%) |
| Sep 18, 2026 | 15 | -0.18 (-1.15%) |
| Jan 15, 2027 | 15 | -0.18 (-1.15%) |