This page reflects TK 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 — TK
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $9.00 (5.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.93
±6.2%
Days to Expiry
14
Calendar days
Total Call OI
4,303
Nearest expiry
Total Put OI
510
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$14.84
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
$10.00
8/21/2026, 11:28:41 PM
2026-09-18
$12.50
9/18/2026, 11:35:45 PM
2026-10-16NextUpdated
$9.00
10/2/2026, 11:29:21 PM
2026-11-20
$12.50
10/2/2026, 11:29:21 PM
2027-01-15
$11.50
10/2/2026, 11:29:21 PM
2027-04-16
$10.00
10/2/2026, 11:29:21 PM
Selected expiration: 2026-10-16 at max pain $9.00.
TK pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
1.5
0
497050
497050
2.5
200
446050
446250
6.5
1800
242050
243850
7.5
2200
191050
193250
9
2800
114550
117350
10
100700
90050
190750
11.5
247550
53300
300850
12.5
371850
34400
406250
14
575850
12350
588200
15
920650
250
920900
16.5
1462600
100
1462700
17.5
1881500
0
1881500
19
2510000
0
2510000
20
2934200
0
2934200
21.5
3578000
0
3578000
22.5
4007200
0
4007200
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.