Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Conagra Brands options about one week from expiration was $13.43. The chart above shows the exact max pain for each expiration date.

Conagra Brands closed above its near-term max pain on 12 of the last 20 trading days. On Nov 4, 2026 it closed at $15.27, 13.7% above max pain of $13.43.

Over the last 20 trading days, near-term max pain for Conagra Brands ranged from $13.43 to $15.00. It went from $14.79 on Oct 8, 2026 to $13.43 on Nov 4, 2026. See the CAG max pain history for a longer view.

Conagra Brands Inc is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 revenue).