This page reflects TNC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — TNC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (7.48 below 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
±$6.10
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
396
Nearest expiry
Total Put OI
1,167
Nearest expiry
P/C OI Ratio
2.95
Put-heavy
Spot Price
$87.48
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$60.00
5/15/2026, 11:40:03 PM
2026-06-18
$80.00
6/18/2026, 11:35:27 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:29:00 PM
2026-10-16
$60.00
7/3/2026, 11:29:00 PM
Selected expiration: 2026-07-17 at max pain $80.00.
TNC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
3839000
3839000
40
0
3256000
3256000
50
0
2091000
2091000
55
0
1508500
1508500
60
500
926000
926500
65
1000
481000
482000
70
1500
311000
312500
75
2000
141000
143000
80
20000
2000
22000
85
123500
1000
124500
90
319500
500
320000
95
517000
0
517000
105
912000
0
912000
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.