This page reflects TMC 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 — TMC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $4.00 (0.21 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
±$0.36
±9.5%
Days to Expiry
7
Calendar days
Total Call OI
10,324
Nearest expiry
Total Put OI
1,510
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$3.79
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, 11:31:45 PM
2026-10-02Updated
$4.00
10/2/2026, 11:31:56 PM
2026-10-09Next
$4.00
10/2/2026, 11:31:56 PM
2026-10-16
$5.00
10/2/2026, 11:31:56 PM
2026-10-23
$4.00
10/2/2026, 11:31:56 PM
2026-10-30
$4.00
10/2/2026, 11:31:56 PM
2026-11-06
$4.00
10/2/2026, 11:31:56 PM
2026-11-20
$4.00
10/2/2026, 11:31:56 PM
2027-01-15
$2.50
10/2/2026, 11:31:56 PM
2027-02-19
$4.00
10/2/2026, 11:31:56 PM
2027-05-21
$3.00
10/2/2026, 11:31:56 PM
Selected expiration: 2026-10-09 at max pain $4.00.
TMC pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
428000
428000
1.5
2300
352650
354950
2
6050
277350
283400
2.5
12850
202100
214950
3
20150
127600
147750
3.5
27500
57700
85200
4
38250
6250
44500
4.5
125950
150
126100
5
231150
0
231150
5.5
380800
0
380800
6
894750
0
894750
6.5
1409000
0
1409000
7
1924850
0
1924850
7.5
2440750
0
2440750
8
2956750
0
2956750
8.5
3472750
0
3472750
9
3988800
0
3988800
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.