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 Perella Weinberg Partners options about one week from expiration was $12.50. The chart above shows the exact max pain for each expiration date.

Perella Weinberg Partners closed above its near-term max pain on 12 of the last 20 trading days. On Nov 4, 2026 it closed at $14.49, 15.9% above max pain of $12.50.

Over the last 20 trading days, near-term max pain for Perella Weinberg Partners ranged from $12.50 to $17.53. It went from $17.53 on Oct 8, 2026 to $12.50 on Nov 4, 2026. See the PWP max pain history for a longer view.

Perella Weinberg Partners is an independent advisory firm that provides strategic and financial advice to a wide range of clients.