This page reflects TCOM 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 — TCOM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (4.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.65
±6.5%
Days to Expiry
15
Calendar days
Total Call OI
11,851
Nearest expiry
Total Put OI
10,799
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$41.00
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
$50.00
5/15/2026, 11:40:02 PM
2026-06-18
$50.00
6/18/2026, 11:34:09 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:31:28 PM
2026-08-21
$45.00
7/3/2026, 11:31:28 PM
2026-09-18
$50.00
7/3/2026, 11:31:28 PM
2026-12-18
$55.00
7/3/2026, 11:31:28 PM
2027-01-15
$50.00
7/3/2026, 11:31:28 PM
2027-06-17
$45.00
7/3/2026, 11:31:28 PM
Selected expiration: 2026-07-17 at max pain $45.00.
TCOM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
11628500
11628500
35
0
6442000
6442000
40
22000
2587000
2609000
45
1676500
313000
1989500
50
4135000
5000
4140000
55
8517500
0
8517500
60
14215500
0
14215500
65
20118000
0
20118000
70
26039500
0
26039500
75
31963500
0
31963500
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.