This page reflects TLN 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 — TLN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $310.00 (10.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$9.45
±3.0%
Days to Expiry
7
Calendar days
Total Call OI
626
Nearest expiry
Total Put OI
770
Nearest expiry
P/C OI Ratio
1.23
Put-heavy
Spot Price
$320.77
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
$295.00
9/25/2026, 11:31:57 PM
2026-10-02Updated
$302.50
10/2/2026, 11:28:38 PM
2026-10-09Next
$310.00
10/2/2026, 11:28:38 PM
2026-10-16
$320.00
10/2/2026, 11:28:38 PM
2026-10-23
$300.00
10/2/2026, 11:28:38 PM
2026-10-30
$325.00
10/2/2026, 11:28:38 PM
2026-11-20
$300.00
10/2/2026, 11:28:38 PM
2026-12-18
$360.00
10/2/2026, 11:28:38 PM
2027-01-15
$300.00
10/2/2026, 11:28:38 PM
2027-02-19
$300.00
10/2/2026, 11:28:38 PM
2027-03-19
$330.00
10/2/2026, 11:28:38 PM
2027-05-21
$290.00
10/2/2026, 11:28:38 PM
2027-06-17
$350.00
10/2/2026, 11:28:38 PM
2027-09-17
$330.00
10/2/2026, 11:28:38 PM
Selected expiration: 2026-10-09 at max pain $310.00.
TLN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
5118000
5118000
225
1000
4733000
4734000
230
2000
4348500
4350500
235
3000
3965500
3968500
240
4000
3608000
3612000
245
5000
3258500
3263500
250
6000
2912000
2918000
255
8000
2575000
2583000
260
10000
2239500
2249500
265
12000
1936000
1948000
270
14000
1635000
1649000
275
16000
1348500
1364500
277.5
20000
1206750
1226750
280
24500
1065250
1089750
282.5
29250
945500
974750
285
34000
825750
859750
287.5
38750
708250
747000
290
43500
591000
634500
292.5
48750
480750
529500
295
54250
374500
428750
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.