This page reflects TNGX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — TNGX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (0.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.38
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
4,570
Nearest expiry
Total Put OI
2,579
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$25.44
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$23.00
6/18/2026, 11:39:19 PM
2026-07-17
$28.00
7/17/2026, 11:37:42 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:36:21 PM
2026-09-18
$27.00
8/18/2026, 11:36:21 PM
2026-10-16
$22.00
8/18/2026, 11:36:21 PM
2026-11-20
$25.00
8/18/2026, 11:36:21 PM
2026-12-18
$10.00
8/18/2026, 11:36:21 PM
2027-01-15
$22.00
8/18/2026, 11:36:21 PM
2027-03-19
$18.00
8/18/2026, 11:36:21 PM
2027-06-17
$3.00
8/18/2026, 11:36:21 PM
Selected expiration: 2026-08-21 at max pain $25.00.
TNGX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
5920800
5920800
2
20400
5662900
5683300
3
49300
5405000
5454300
4
79300
5147100
5226400
5
109500
4889200
4998700
6
139900
4631600
4771500
7
170400
4374000
4544400
8
200900
4116400
4317300
9
231400
3858800
4090200
10
261900
3601200
3863100
11
292600
3343600
3636200
12
323400
3086100
3409500
13
354200
2828600
3182800
14
385000
2571100
2956100
15
415800
2313600
2729400
16
446700
2056200
2502900
17
477700
1798900
2276600
18
508900
1543200
2052100
19
540100
1287600
1827700
20
571800
1032200
1604000
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.