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 Paychex options about one week from expiration was $110.23. The chart above shows the exact max pain for each expiration date.

Paychex closed above its near-term max pain on 13 of the last 20 trading days. On Nov 4, 2026 it closed at $118.69, 7.7% above max pain of $110.23.

Over the last 20 trading days, near-term max pain for Paychex ranged from $102.00 to $111.31. It went from $105.05 on Oct 8, 2026 to $110.23 on Nov 4, 2026. See the PAYX max pain history for a longer view.

Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services.