This page reflects TLRY 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 — TLRY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $4.00 (0.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.40
±10.9%
Days to Expiry
7
Calendar days
Total Call OI
5,830
Nearest expiry
Total Put OI
3,680
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$3.61
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
$4.00
9/25/2026, 11:25:22 PM
2026-10-02Updated
$4.00
10/2/2026, 11:33:27 PM
2026-10-09Next
$4.00
10/2/2026, 11:33:27 PM
2026-10-16
$4.00
10/2/2026, 11:33:27 PM
2026-10-23
$4.00
10/2/2026, 11:33:27 PM
2026-10-30
$3.50
10/2/2026, 11:33:27 PM
2026-11-06
$0.50
10/2/2026, 11:33:27 PM
2026-11-20
$3.50
10/2/2026, 11:33:27 PM
2026-12-18
$4.50
10/2/2026, 11:33:27 PM
2027-01-15
$4.50
10/2/2026, 11:33:27 PM
2027-03-19
$2.50
10/2/2026, 11:33:27 PM
Selected expiration: 2026-10-09 at max pain $4.00.
TLRY pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1155400
1155400
1
1000
971400
972400
1.5
2350
787400
789750
2
4150
603400
607550
2.5
6000
419400
425400
3
8000
235650
243650
3.5
10150
58800
68950
4
14900
14750
29650
4.5
105300
3550
108850
5
322200
1750
323950
5.5
578700
1000
579700
6
849000
450
849450
6.5
1123750
150
1123900
7
1405000
0
1405000
7.5
1695950
0
1695950
8
1987000
0
1987000
8.5
2278150
0
2278150
9
2569500
0
2569500
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.