Tencent Music Entertainment GroClose $9.15EOD only
Max Pain
$9.00
Next expiry Jun 18, 2026
Expected Move
±$0.90
9.8% from close
Price Gap
-0.15
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.85
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects TME options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — TME
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (0.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.90
±9.8%
Days to Expiry
29
Calendar days
Total Call OI
16,278
Nearest expiry
Total Put OI
12,147
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$9.15
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$11.00
4/17/2026, 11:27:25 PM
2026-05-15
$9.00
5/15/2026, 11:40:43 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:33:22 PM
2026-07-17
$10.00
5/20/2026, 11:33:22 PM
2026-10-16
$9.00
5/20/2026, 11:33:22 PM
2027-01-15
$8.00
5/20/2026, 11:33:22 PM
Selected expiration: 2026-06-18 at max pain $9.00.
TME pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
10375000
10375000
2
800
9160300
9161100
3
1800
7945600
7947400
4
3100
6730900
6734000
5
4700
5516200
5520900
6
6400
4301500
4307900
7
8400
3086800
3095200
8
13000
1914000
1927000
9
66800
858000
924800
10
541800
454500
996300
11
1471500
241900
1713400
12
2594300
204800
2799100
13
3882500
174900
4057400
14
5307100
146100
5453200
15
6749900
117300
6867200
16
8234900
88500
8323400
17
9726300
59700
9786000
18
11265500
31000
11296500
19
12856700
9300
12866000
20
14459700
6800
14466500
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.