This page reflects TFC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — TFC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $52.50 (0.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$1.00
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
8,680
Nearest expiry
Total Put OI
8,458
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$52.41
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$50.00
6/18/2026, 11:39:08 PM
2026-07-17
$50.00
7/17/2026, 11:38:23 PM
2026-08-21NextUpdated
$52.50
8/18/2026, 11:42:27 PM
2026-09-18
$50.00
8/18/2026, 11:42:27 PM
2026-10-16
$50.00
8/18/2026, 11:42:27 PM
2026-11-20
$47.50
8/18/2026, 11:42:27 PM
2026-12-18
$47.50
8/18/2026, 11:42:27 PM
2027-01-15
$47.50
8/18/2026, 11:42:27 PM
2027-03-19
$45.00
8/18/2026, 11:42:27 PM
2027-06-17
$50.00
8/18/2026, 11:42:27 PM
Selected expiration: 2026-08-21 at max pain $52.50.
TFC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
19773750
19773750
30
1000
15544750
15545750
32.5
1500
13430500
13432000
35
2000
11316250
11318250
37.5
2500
9203750
9206250
40
3000
7096500
7099500
42.5
3500
5022250
5025750
45
4250
2987000
2991250
47.5
5750
1486250
1492000
50
8250
613500
621750
52.5
49000
214500
263500
55
841500
0
841500
57.5
2860000
0
2860000
60
5025250
0
5025250
65
9361750
0
9361750
70
13700250
0
13700250
75
18039250
0
18039250
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.