This page reflects TDC 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 — TDC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $27.50 (7.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.50
Nearest expiry
Expected Move
±$2.55
±7.4%
Days to Expiry
15
Calendar days
Total Call OI
3,185
Nearest expiry
Total Put OI
706
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$34.56
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
$27.50
5/15/2026, 11:40:07 PM
2026-06-18
$30.00
6/18/2026, 11:32:43 PM
2026-07-17NextUpdated
$27.50
7/3/2026, 11:29:03 PM
2026-08-21
$32.50
7/3/2026, 11:29:03 PM
2026-10-16
$32.50
7/3/2026, 11:29:03 PM
2027-01-15
$25.00
7/3/2026, 11:29:03 PM
Selected expiration: 2026-07-17 at max pain $27.50.
TDC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
994250
994250
20
2000
641250
643250
22.5
4250
469750
474000
25
9250
320000
329250
27.5
36250
202750
239000
30
120000
120250
240250
32.5
272500
65000
337500
35
584000
31000
615000
37.5
1028750
4250
1033000
40
1633250
0
1633250
42.5
2317750
0
2317750
45
3054000
0
3054000
47.5
3804500
0
3804500
50
4572750
0
4572750
55
6114750
0
6114750
60
7657250
0
7657250
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.