This page reflects TFC 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 — TFC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (0.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$2.60
±5.1%
Days to Expiry
15
Calendar days
Total Call OI
17,270
Nearest expiry
Total Put OI
9,135
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$50.98
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, 11:40:35 PM
2026-06-18
$50.00
6/18/2026, 11:39:08 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:27:38 PM
2026-08-21
$50.00
7/3/2026, 11:27:38 PM
2026-09-18
$47.50
7/3/2026, 11:27:38 PM
2026-10-16
$47.50
7/3/2026, 11:27:38 PM
2026-11-20
$47.50
7/3/2026, 11:27:38 PM
2026-12-18
$47.50
7/3/2026, 11:27:38 PM
2027-01-15
$47.50
7/3/2026, 11:27:38 PM
2027-03-19
$35.00
7/3/2026, 11:27:38 PM
2027-06-17
$45.00
7/3/2026, 11:27:38 PM
Selected expiration: 2026-07-17 at max pain $50.00.
TFC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
19555000
19555000
30
1000
14988000
14989000
32.5
1500
12729500
12731000
35
2000
10471500
10473500
37.5
2500
8218750
8221250
40
3250
5976750
5980000
42.5
4250
3743750
3748000
45
5500
1622500
1628000
47.5
88750
622000
710750
50
276000
17750
293750
52.5
1376000
0
1376000
55
5420250
0
5420250
57.5
9733750
0
9733750
60
14050750
0
14050750
65
22684750
0
22684750
75
39952750
0
39952750
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.