This page reflects TKO 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 — TKO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $195.00 (0.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$195.00
Nearest expiry
Expected Move
±$12.15
±6.3%
Days to Expiry
15
Calendar days
Total Call OI
2,216
Nearest expiry
Total Put OI
3,332
Nearest expiry
P/C OI Ratio
1.50
Put-heavy
Spot Price
$194.42
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
$185.00
5/15/2026, 11:38:16 PM
2026-06-18
$200.00
6/18/2026, 11:32:02 PM
2026-07-17NextUpdated
$195.00
7/3/2026, 11:31:30 PM
2026-08-21
$200.00
7/3/2026, 11:31:30 PM
2026-10-16
$180.00
7/3/2026, 11:31:30 PM
2027-01-15
$160.00
7/3/2026, 11:31:30 PM
Selected expiration: 2026-07-17 at max pain $195.00.
TKO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
27652500
27652500
120
0
19327500
19327500
130
0
15998500
15998500
135
0
14338000
14338000
140
0
12677500
12677500
145
0
11019500
11019500
150
0
9363500
9363500
155
3000
7708000
7711000
160
6000
6056000
6062000
165
10500
4421500
4432000
170
15000
2800000
2815000
175
20000
1822000
1842000
180
33500
1098000
1131500
185
69000
697500
766500
190
106500
415500
522000
195
202000
185000
387000
200
381500
38000
419500
210
1153500
8000
1161500
220
2551500
2000
2553500
230
4315500
1000
4316500
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.