This page reflects TNC 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 — TNC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (12.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$6.20
±9.2%
Days to Expiry
14
Calendar days
Total Call OI
71
Nearest expiry
Total Put OI
99
Nearest expiry
P/C OI Ratio
1.39
Put-heavy
Spot Price
$67.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$65.00
8/21/2026, 11:33:04 PM
2026-09-18
$70.00
9/18/2026, 11:35:52 PM
2026-10-16NextUpdated
$80.00
10/2/2026, 11:26:58 PM
2027-01-15
$70.00
10/2/2026, 11:26:58 PM
2027-04-16
$55.00
10/2/2026, 11:26:58 PM
Selected expiration: 2026-10-16 at max pain $80.00.
TNC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
230500
230500
50
500
181000
181500
55
4000
132000
136000
60
7500
92000
99500
65
19500
62000
81500
70
32000
34500
66500
75
45500
17000
62500
80
60500
0
60500
85
91500
0
91500
90
124500
0
124500
95
160000
0
160000
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.