This page reflects TNDM 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 — TNDM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $16.00 (0.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$2.50
±16.6%
Days to Expiry
29
Calendar days
Total Call OI
2,620
Nearest expiry
Total Put OI
3,008
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$15.04
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
$20.00
4/17/2026, 11:30:00 PM
2026-05-15
$19.00
5/15/2026, 11:40:49 PM
2026-06-18NextUpdated
$16.00
5/20/2026, 11:37:15 PM
2026-07-17
$12.00
5/20/2026, 11:37:15 PM
2026-08-21
$19.00
5/20/2026, 11:37:15 PM
2026-11-20
$16.00
5/20/2026, 11:37:15 PM
2027-01-15
$15.00
5/20/2026, 11:37:15 PM
Selected expiration: 2026-06-18 at max pain $16.00.
TNDM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
3660200
3660200
4
200
3359400
3359600
5
700
3058600
3059300
7
2100
2457000
2459100
10
4200
1554600
1558800
11
4900
1255200
1260100
12
5700
956300
962000
13
6600
660700
667300
14
11200
418300
429500
15
38900
242200
281100
16
119800
70600
190400
17
217400
49200
266600
18
323500
32100
355600
19
435700
16900
452600
20
554000
6300
560300
21
741400
400
741800
22
930300
100
930400
23
1121500
0
1121500
24
1312800
0
1312800
25
1504900
0
1504900
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.