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 Public Service Enterprise options about one week from expiration was $72.72. The chart above shows the exact max pain for each expiration date.

Public Service Enterprise closed above its near-term max pain on 12 of the last 20 trading days. On Nov 4, 2026 it closed at $73.24, 0.7% above max pain of $72.72.

Over the last 20 trading days, near-term max pain for Public Service Enterprise ranged from $69.98 to $75.49. It went from $69.98 on Oct 8, 2026 to $72.72 on Nov 4, 2026. See the PEG max pain history for a longer view.

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and PSEG Power, which owns all or a share of three nuclear plants and clean energy projects.