This page reflects TGB 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 — TGB
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $8.00 (0.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.93
±10.3%
Days to Expiry
14
Calendar days
Total Call OI
5,957
Nearest expiry
Total Put OI
1,806
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$8.95
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
$7.00
8/21/2026, 11:33:58 PM
2026-09-18
$8.00
9/18/2026, 11:29:20 PM
2026-10-16NextUpdated
$8.00
10/2/2026, 11:29:29 PM
2026-11-20
$8.00
10/2/2026, 11:29:29 PM
2027-01-15
$4.50
10/2/2026, 11:29:29 PM
2027-02-19
$6.00
10/2/2026, 11:29:29 PM
2027-05-21
$7.00
10/2/2026, 11:29:29 PM
Selected expiration: 2026-10-16 at max pain $8.00.
TGB pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1214700
1214700
2
900
1044300
1045200
3
9700
873900
883600
4
18600
703500
722100
5
42500
533100
575600
6
80900
363200
444100
7
120700
196000
316700
8
172800
69100
241900
9
259700
13100
272800
10
544300
1000
545300
11
1048400
200
1048600
12
1577500
0
1577500
13
2140100
0
2140100
14
2715900
0
2715900
15
3293500
0
3293500
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.