This page reflects TAL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — TAL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $11.00 (0.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.05
±10.0%
Days to Expiry
29
Calendar days
Total Call OI
1,294
Nearest expiry
Total Put OI
3,608
Nearest expiry
P/C OI Ratio
2.79
Put-heavy
Spot Price
$10.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$11.00
4/17/2026, 11:30:15 PM
2026-05-15
$11.00
5/15/2026, 11:39:09 PM
2026-06-18NextUpdated
$11.00
5/20/2026, 11:36:18 PM
2026-08-21
$11.00
5/20/2026, 11:36:18 PM
2026-11-20
$11.00
5/20/2026, 11:36:18 PM
2027-01-15
$15.00
5/20/2026, 11:36:18 PM
Selected expiration: 2026-06-18 at max pain $11.00.
TAL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1901200
1901200
6
300
1540400
1540700
7
700
1182500
1183200
8
1300
824600
825900
9
9200
466800
476000
10
17200
243900
261100
11
32700
36900
69600
12
87000
16400
103400
13
203800
1200
205000
14
329400
700
330100
15
455700
300
456000
16
585100
100
585200
17
714500
0
714500
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.