This page reflects TFII options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — TFII
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $110.00 (8.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$32.57
±27.4%
Days to Expiry
14
Calendar days
Total Call OI
175
Nearest expiry
Total Put OI
39
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$118.90
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$145.00
8/21/2026, 11:34:41 PM
2026-09-18
$130.00
9/18/2026, 11:31:43 PM
2026-10-16NextUpdated
$110.00
10/2/2026, 11:33:08 PM
2026-11-20
$110.00
10/2/2026, 11:33:08 PM
2027-01-15
$105.00
10/2/2026, 11:33:08 PM
2027-04-16
$95.00
10/2/2026, 11:33:08 PM
Selected expiration: 2026-10-16 at max pain $110.00.
TFII pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
209500
209500
75
0
170500
170500
80
0
151000
151000
85
0
131500
131500
95
0
93500
93500
100
500
74500
75000
105
1000
55500
56500
110
1500
36500
38000
115
24500
18500
43000
120
47500
11000
58500
125
71500
6500
78000
130
99000
4500
103500
135
128500
3500
132000
140
159000
2500
161500
145
189500
1500
191000
150
220500
500
221000
155
255500
0
255500
160
296500
0
296500
165
337500
0
337500
170
378500
0
378500
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.