This page reflects TKR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — TKR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $135.00 (5.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$4.40
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
4,256
Nearest expiry
Total Put OI
1,590
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$129.17
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$115.00
6/18/2026, 11:33:23 PM
2026-07-17
$135.00
7/17/2026, 11:35:23 PM
2026-08-21NextUpdated
$135.00
8/18/2026, 11:37:29 PM
2026-09-18
$130.00
8/18/2026, 11:37:29 PM
2026-11-20
$85.00
8/18/2026, 11:37:29 PM
2026-12-18
$85.00
8/18/2026, 11:37:29 PM
2027-03-19
$85.00
8/18/2026, 11:37:29 PM
Selected expiration: 2026-08-21 at max pain $135.00.
TKR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
12185500
12185500
65
1500
9800500
9802000
70
2000
9008500
9010500
80
33000
7425500
7458500
85
48500
6634500
6683000
90
64000
5845000
5909000
95
79500
5055500
5135000
100
95500
4269500
4365000
105
111500
3483500
3595000
110
128000
2697500
2825500
115
144500
2009500
2154000
120
161000
1351500
1512500
125
178000
822000
1000000
130
195000
361500
556500
135
247000
150000
397000
140
382500
42500
425000
145
534500
21500
556000
150
951000
2000
953000
155
1928500
500
1929000
160
2924500
0
2924500
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.