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 T Rowe Price options about one week from expiration was $105.23. The chart above shows the exact max pain for each expiration date.

T Rowe Price closed above its near-term max pain on 13 of the last 20 trading days. On Nov 4, 2026 it closed at $112.56, 7.0% above max pain of $105.23.

Over the last 20 trading days, near-term max pain for T Rowe Price ranged from $100.21 to $105.25. It went from $105.02 on Oct 8, 2026 to $105.23 on Nov 4, 2026. See the TROW max pain history for a longer view.

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