This page reflects TFX 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 — TFX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $100.00 (33.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$8.88
±6.6%
Days to Expiry
15
Calendar days
Total Call OI
357
Nearest expiry
Total Put OI
152
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$133.99
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
$125.00
5/15/2026, 11:39:30 PM
2026-06-18
$130.00
6/18/2026, 11:32:16 PM
2026-07-17NextUpdated
$100.00
7/3/2026, 11:29:26 PM
2026-10-16
$135.00
7/3/2026, 11:29:26 PM
2027-01-15
$135.00
7/3/2026, 11:29:26 PM
Selected expiration: 2026-07-17 at max pain $100.00.
TFX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
693000
693000
60
0
619500
619500
65
0
547000
547000
70
0
476500
476500
75
0
412500
412500
80
2000
350500
352500
85
4500
291500
296000
90
8500
232500
241000
95
15500
185000
200500
100
35000
137500
172500
105
96000
101500
197500
110
199000
67500
266500
115
322000
34500
356500
120
446000
16500
462500
125
575000
6000
581000
130
709500
2000
711500
135
865000
500
865500
140
1027500
0
1027500
145
1191500
0
1191500
150
1356500
0
1356500
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.