Takeda Pharmaceutical Company LClose $16.77EOD only
Max Pain
$15.00
Next expiry Jul 17, 2026
Expected Move
±$0.95
5.7% from close
Price Gap
-1.77
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.97
Balanced positioning
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects TAK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — TAK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (1.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.95
±5.7%
Days to Expiry
15
Calendar days
Total Call OI
1,720
Nearest expiry
Total Put OI
2,690
Nearest expiry
P/C OI Ratio
1.56
Put-heavy
Spot Price
$16.77
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$17.50
5/15/2026, 11:42:26 PM
2026-06-18
$15.00
6/18/2026, 11:33:19 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:30:19 PM
2026-08-21
$15.00
7/3/2026, 11:30:19 PM
2026-10-16
$15.00
7/3/2026, 11:30:19 PM
2027-01-15
$12.50
7/3/2026, 11:30:19 PM
Selected expiration: 2026-07-17 at max pain $15.00.
TAK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3276500
3276500
5
250
2605000
2605250
7.5
750
1934000
1934750
10
1500
1264000
1265500
12.5
2500
594250
596750
15
4250
2000
6250
17.5
51500
750
52250
20
294750
500
295250
22.5
721000
250
721250
25
1147250
0
1147250
30
2007250
0
2007250
35
2867250
0
2867250
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.