This page reflects TNGX 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 — TNGX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $22.00 (1.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$3.58
±15.4%
Days to Expiry
14
Calendar days
Total Call OI
1,601
Nearest expiry
Total Put OI
858
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$23.24
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
$25.00
8/21/2026, 11:35:01 PM
2026-09-18
$25.00
9/18/2026, 11:35:14 PM
2026-10-16NextUpdated
$22.00
10/2/2026, 11:33:40 PM
2026-11-20
$25.00
10/2/2026, 11:33:40 PM
2026-12-18
$30.00
10/2/2026, 11:33:40 PM
2027-01-15
$23.00
10/2/2026, 11:33:40 PM
2027-02-19
$26.00
10/2/2026, 11:33:40 PM
2027-03-19
$18.00
10/2/2026, 11:33:40 PM
2027-05-21
$24.00
10/2/2026, 11:33:40 PM
2027-06-17
$3.00
10/2/2026, 11:33:40 PM
Selected expiration: 2026-10-16 at max pain $22.00.
TNGX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
310100
310100
20
0
192500
192500
21
900
135800
136700
22
2700
100500
103200
23
43600
65200
108800
24
85600
32300
117900
25
133200
0
133200
26
225600
0
225600
27
321500
0
321500
29
515300
0
515300
30
612600
0
612600
31
761200
0
761200
32
909800
0
909800
33
1058600
0
1058600
34
1207400
0
1207400
35
1356300
0
1356300
36
1516000
0
1516000
37
1675800
0
1675800
38
1835700
0
1835700
39
1995700
0
1995700
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.