This page reflects TFII 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 — TFII
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $145.00 (5.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$30.10
±21.6%
Days to Expiry
15
Calendar days
Total Call OI
205
Nearest expiry
Total Put OI
708
Nearest expiry
P/C OI Ratio
3.45
Put-heavy
Spot Price
$139.14
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
$135.00
5/15/2026, 11:36:30 PM
2026-06-18
$130.00
6/18/2026, 11:31:10 PM
2026-07-17NextUpdated
$145.00
7/3/2026, 11:33:10 PM
2026-08-21
$100.00
7/3/2026, 11:33:10 PM
2026-10-16
$110.00
7/3/2026, 11:33:10 PM
2027-01-15
$140.00
7/3/2026, 11:33:10 PM
Selected expiration: 2026-07-17 at max pain $145.00.
TFII pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
4479500
4479500
75
0
3798500
3798500
80
0
3458000
3458000
85
2000
3117500
3119500
90
38500
2777000
2815500
95
75000
2439500
2514500
100
111500
2103500
2215000
105
148000
1769000
1917000
110
184500
1438000
1622500
115
221000
1113000
1334000
120
258500
789000
1047500
125
300000
507000
807000
130
345000
331000
676000
135
390500
159500
550000
140
436000
73000
509000
145
484000
4500
488500
150
537000
3500
540500
155
600000
2500
602500
160
679500
2000
681500
165
762000
1500
763500
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.