This page reflects TGT 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 — TGT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $157.50 (1.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$157.50
Nearest expiry
Expected Move
±$4.58
±2.9%
Days to Expiry
7
Calendar days
Total Call OI
1,778
Nearest expiry
Total Put OI
1,964
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$156.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$157.50
9/25/2026, 11:31:40 PM
2026-10-02Updated
$157.50
10/2/2026, 11:32:13 PM
2026-10-09Next
$157.50
10/2/2026, 11:32:13 PM
2026-10-16
$145.00
10/2/2026, 11:32:13 PM
2026-10-23
$152.50
10/2/2026, 11:32:13 PM
2026-10-30
$155.00
10/2/2026, 11:32:13 PM
2026-11-06
$147.00
10/2/2026, 11:32:13 PM
2026-11-20
$145.00
10/2/2026, 11:32:13 PM
2026-12-18
$120.00
10/2/2026, 11:32:13 PM
2027-01-15
$100.00
10/2/2026, 11:32:13 PM
2027-03-19
$140.00
10/2/2026, 11:32:13 PM
2027-04-16
$160.00
10/2/2026, 11:32:13 PM
2027-06-17
$140.00
10/2/2026, 11:32:13 PM
2027-09-17
$135.00
10/2/2026, 11:32:13 PM
Selected expiration: 2026-10-09 at max pain $157.50.
TGT pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
7040750
7040750
120
0
6059750
6059750
125
500
5079750
5080250
130
2500
4100750
4103250
135
4500
3128250
3132750
140
7000
2163250
2170250
142
9000
1792050
1801050
143
10000
1608650
1618650
144
11000
1426350
1437350
145
12000
1244450
1256450
146
13000
1081850
1094850
147
14100
923850
937950
148
15200
772950
788150
149
16600
636650
653250
150
24100
509250
533350
152.5
59850
298750
358600
155
102350
146250
248600
157.5
162600
61250
223850
160
259600
19250
278850
162.5
401600
3000
404600
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.