thetaOwl

TME

Tencent Music Entertainment GroClose $9.15EOD only
Max Pain
$9.00
Next expiry Jun 18, 2026
Expected Move
±$0.85
9.3% from close
Price Gap
-0.15
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.86
Slightly call-heavy
Consensus
No reports available
Published snapshot: May 21, 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 21, 2026 close
Max Pain — TME
Data as of market close May 21, 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
±$0.85
±9.3%
Days to Expiry
28
Calendar days
Total Call OI
15,932
Nearest expiry
Total Put OI
12,329
Nearest expiry
P/C OI Ratio
0.77
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
ExpirationMax Pain StrikeLast Updated
2026-04-17$11.004/17/2026, 11:27:25 PM
2026-05-15$9.005/15/2026, 11:40:43 PM
2026-06-18NextUpdated$9.005/21/2026, 11:40:12 PM
2026-07-17$10.005/21/2026, 11:40:12 PM
2026-10-16$9.005/21/2026, 11:40:12 PM
2027-01-15$8.005/21/2026, 11:40:12 PM
Selected expiration: 2026-06-18 at max pain $9.00.
TME pain by strike for 2026-06-18 expiration
StrikeCall PainPut PainTotal Pain
101052040010520400
280092875009288300
3180080546008056400
4310068217006824800
5470055888005593500
6640043559004362300
7840031230003131400
81300019321001945100
966700858000924700
10540600454500995100
1114715002419001713400
1225597002048002764500
1338133001749003988200
1452033001461005349400
1566115001173006728800
168061900885008150400
179518700597009578400
18110233003100011054300
1912579900930012589200
2014148300680014155100
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.