This page reflects TK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — TK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $7.50 (2.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$1.32
±12.8%
Days to Expiry
15
Calendar days
Total Call OI
7,359
Nearest expiry
Total Put OI
1,246
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$10.31
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$12.50
5/15/2026, 11:38:49 PM
2026-06-18
$11.50
6/18/2026, 11:39:17 PM
2026-07-17NextUpdated
$7.50
7/3/2026, 11:29:06 PM
2026-10-16
$9.00
7/3/2026, 11:29:06 PM
2027-01-15
$9.00
7/3/2026, 11:29:06 PM
Selected expiration: 2026-07-17 at max pain $7.50.
TK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1.5
0
1119400
1119400
2.5
200
994800
995000
4
1400
807900
809300
5
2300
683300
685600
6.5
4100
496400
500500
7.5
95100
371800
466900
9
366300
189850
556150
10
595600
108350
703950
11.5
939700
20900
960600
12.5
1397100
500
1397600
14
2083800
350
2084150
15
2800400
250
2800650
16.5
3877100
100
3877200
17.5
4604000
0
4604000
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.