This page reflects TDC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — TDC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $27.50 (2.64 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
±$1.55
±5.1%
Days to Expiry
14
Calendar days
Total Call OI
4,856
Nearest expiry
Total Put OI
1,013
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$30.14
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$32.50
8/21/2026, 11:33:57 PM
2026-09-18
$27.50
9/18/2026, 11:35:40 PM
2026-10-16NextUpdated
$27.50
10/2/2026, 11:29:42 PM
2026-11-20
$30.00
10/2/2026, 11:29:42 PM
2027-01-15
$30.00
10/2/2026, 11:29:42 PM
2027-04-16
$32.50
10/2/2026, 11:29:42 PM
Selected expiration: 2026-10-16 at max pain $27.50.
TDC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
1198500
1198500
17.5
0
945250
945250
20
500
692000
692500
22.5
2500
489750
492250
25
5000
334500
339500
27.5
51000
206500
257500
30
149500
129000
278500
32.5
379250
75500
454750
35
774000
32250
806250
37.5
1257500
750
1258250
40
2110750
250
2111000
42.5
3155750
0
3155750
45
4225000
0
4225000
47.5
5298750
0
5298750
50
6372500
0
6372500
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.