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 Portland General Electric options about one week from expiration was $44.78. The chart above shows the exact max pain for each expiration date.

Portland General Electric closed above its near-term max pain on 7 of the last 20 trading days. On Nov 4, 2026 it closed at $46.00, 2.7% above max pain of $44.78.

Over the last 20 trading days, near-term max pain for Portland General Electric ranged from $44.59 to $47.69. It went from $45.00 on Oct 8, 2026 to $44.78 on Nov 4, 2026. See the POR max pain history for a longer view.

Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two-thirds of the state's business activity.