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 Stellantis options about one week from expiration was $4.36. The chart above shows the exact max pain for each expiration date.

Stellantis closed above its near-term max pain on 15 of the last 20 trading days. On Nov 4, 2026 it closed at $4.65, 6.7% above max pain of $4.36.

Over the last 20 trading days, near-term max pain for Stellantis ranged from $1.00 to $5.00. It went from $4.57 on Oct 8, 2026 to $4.36 on Nov 4, 2026. See the STLA max pain history for a longer view.

Stellantis was created out of the merger of US-based Fiat Chrysler Automobiles and French-based Peugeot in January 2021, resulting in the fourth-largest automotive original equipment manufacturer by vehicle sales.