This page reflects TCOM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — TCOM
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (6.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$4.92
±10.1%
Days to Expiry
30
Calendar days
Total Call OI
22,167
Nearest expiry
Total Put OI
18,624
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$48.95
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
$50.00
4/17/2026, 11:26:55 PM
2026-05-15
$50.00
5/15/2026, 11:40:02 PM
2026-06-18NextUpdated
$55.00
5/19/2026, 11:31:05 PM
2026-07-17
$50.00
5/19/2026, 11:31:05 PM
2026-09-18
$55.00
5/19/2026, 11:31:05 PM
2026-12-18
$55.00
5/19/2026, 11:31:05 PM
2027-01-15
$60.00
5/19/2026, 11:31:05 PM
Selected expiration: 2026-06-18 at max pain $55.00.
TCOM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
38880000
38880000
35
0
29568000
29568000
40
0
20969000
20969000
45
4000
12482000
12486000
50
25500
4752000
4777500
55
1509000
1718000
3227000
60
5334500
503500
5838000
65
10153500
161000
10314500
70
18676000
20000
18696000
75
27852000
15000
27867000
80
37246500
10000
37256500
85
47373000
5000
47378000
90
57634500
0
57634500
95
68476500
0
68476500
100
79450500
0
79450500
105
90499000
0
90499000
110
101582500
0
101582500
115
112666000
0
112666000
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.