This page reflects TFII options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — TFII
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (16.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$13.55
±9.2%
Days to Expiry
29
Calendar days
Total Call OI
652
Nearest expiry
Total Put OI
56
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$146.82
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$110.00
4/17/2026, 11:30:09 PM
2026-05-15
$135.00
5/15/2026, 11:36:30 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:36:46 PM
2026-07-17
$95.00
5/20/2026, 11:36:46 PM
2026-10-16
$110.00
5/20/2026, 11:36:46 PM
Selected expiration: 2026-06-18 at max pain $130.00.
TFII pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
253500
253500
90
0
226000
226000
95
0
199000
199000
100
0
172500
172500
105
0
147000
147000
110
2500
122000
124500
115
5500
98000
103500
120
8500
76000
84500
125
12000
55500
67500
130
30500
36500
67000
135
100000
19500
119500
140
178000
4500
182500
145
307000
3000
310000
150
614500
2500
617000
155
925000
2000
927000
160
1242500
1500
1244000
165
1560500
1000
1561500
170
1881000
500
1881500
175
2203000
0
2203000
180
2527500
0
2527500
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.