This page reflects TGB 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 — TGB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.00 (1.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.55
±6.6%
Days to Expiry
3
Calendar days
Total Call OI
27,045
Nearest expiry
Total Put OI
1,950
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$8.36
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
$7.00
6/18/2026, 11:32:21 PM
2026-07-17
$7.00
7/17/2026, 11:35:16 PM
2026-08-21NextUpdated
$7.00
8/18/2026, 11:40:42 PM
2026-09-18
$7.00
8/18/2026, 11:40:42 PM
2026-10-16
$7.00
8/18/2026, 11:40:42 PM
2026-11-20
$7.00
8/18/2026, 11:40:42 PM
2027-01-15
$4.50
8/18/2026, 11:40:42 PM
2027-02-19
$6.00
8/18/2026, 11:40:42 PM
Selected expiration: 2026-08-21 at max pain $7.00.
TGB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1127400
1127400
2
300
932500
932800
3
1300
737700
739000
4
3400
554000
557400
5
20500
373200
393700
6
103500
210200
313700
7
224600
73600
298200
8
1060100
6100
1066200
9
2812500
500
2813000
10
4900900
0
4900900
11
7176600
0
7176600
12
9482600
0
9482600
13
12143400
0
12143400
14
14839600
0
14839600
15
17543400
0
17543400
16
20247500
0
20247500
17
22951600
0
22951600
18
25656100
0
25656100
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.