This page reflects TFX 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 — TFX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $130.00 (5.88 above 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
±$6.75
±5.4%
Days to Expiry
14
Calendar days
Total Call OI
317
Nearest expiry
Total Put OI
50
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$124.12
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
$135.00
8/21/2026, 11:33:00 PM
2026-09-18
$130.00
9/18/2026, 11:30:53 PM
2026-10-16NextUpdated
$130.00
10/2/2026, 11:29:10 PM
2026-11-20
$115.00
10/2/2026, 11:29:10 PM
2027-01-15
$135.00
10/2/2026, 11:29:10 PM
2027-04-16
$135.00
10/2/2026, 11:29:10 PM
Selected expiration: 2026-10-16 at max pain $130.00.
TFX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
169500
169500
90
0
94500
94500
100
0
48500
48500
105
0
30000
30000
110
0
15500
15500
120
0
6500
6500
125
500
4000
4500
130
1500
2000
3500
135
3000
500
3500
140
18000
0
18000
145
144000
0
144000
150
270500
0
270500
155
423000
0
423000
160
577500
0
577500
165
734000
0
734000
170
891500
0
891500
180
1207500
0
1207500
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.