This page reflects TD 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 — TD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $97.50 (21.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$97.50
Nearest expiry
Expected Move
±$3.70
±3.1%
Days to Expiry
15
Calendar days
Total Call OI
12,006
Nearest expiry
Total Put OI
5,660
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$119.30
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
$95.00
5/15/2026, 11:36:19 PM
2026-06-18
$110.00
6/18/2026, 11:34:20 PM
2026-07-17NextUpdated
$97.50
7/3/2026, 11:33:19 PM
2026-08-21
$120.00
7/3/2026, 11:33:19 PM
2026-10-16
$105.00
7/3/2026, 11:33:19 PM
2027-01-15
$60.00
7/3/2026, 11:33:19 PM
Selected expiration: 2026-07-17 at max pain $97.50.
TD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
26967000
26967000
60
0
24148500
24148500
65
0
21331000
21331000
70
0
18513500
18513500
72.5
250
17117500
17117750
75
1500
15722000
15723500
77.5
2750
14336500
14339250
80
7250
12955000
12962250
82.5
17500
11592250
11609750
85
28000
10267750
10295750
87.5
54250
9041250
9095500
90
91500
7898250
7989750
92.5
222750
6825000
7047750
95
398750
5830000
6228750
97.5
812250
4975250
5787500
100
1888000
4158000
6046000
105
4463500
2660000
7123500
110
7872000
1335500
9207500
115
11871000
486000
12357000
120
16433000
104500
16537500
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.