This page reflects TFII 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 — TFII
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $145.00 (4.17 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
±$4.42
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
85
Nearest expiry
Total Put OI
325
Nearest expiry
P/C OI Ratio
3.82
Put-heavy
Spot Price
$140.83
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
$130.00
6/18/2026, 11:31:10 PM
2026-07-17
$145.00
7/17/2026, 11:38:07 PM
2026-08-21NextUpdated
$145.00
8/18/2026, 11:35:47 PM
2026-09-18
$120.00
8/18/2026, 11:35:47 PM
2026-10-16
$110.00
8/18/2026, 11:35:47 PM
2027-01-15
$140.00
8/18/2026, 11:35:47 PM
Selected expiration: 2026-08-21 at max pain $145.00.
TFII pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
1029500
1029500
105
0
880000
880000
110
0
732500
732500
125
0
299000
299000
130
0
201500
201500
135
0
133500
133500
140
8500
66500
75000
145
19500
1000
20500
150
41000
0
41000
155
65000
0
65000
160
94000
0
94000
165
129000
0
129000
175
201000
0
201000
180
242000
0
242000
195
366500
0
366500
220
576500
0
576500
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.