This page reflects TNGX 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 — TNGX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $21.00 (0.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.00
Nearest expiry
Expected Move
±$5.22
±24.8%
Days to Expiry
29
Calendar days
Total Call OI
3,943
Nearest expiry
Total Put OI
123
Nearest expiry
P/C OI Ratio
0.03
Put-heavy
Spot Price
$21.08
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
$18.00
4/17/2026, 11:29:28 PM
2026-05-15
$18.00
5/15/2026, 11:43:04 PM
2026-06-18NextUpdated
$21.00
5/20/2026, 11:32:02 PM
2026-08-21
$13.00
5/20/2026, 11:32:02 PM
2026-11-20
$23.00
5/20/2026, 11:32:02 PM
2026-12-18
$7.00
5/20/2026, 11:32:02 PM
2027-01-15
$22.00
5/20/2026, 11:32:02 PM
Selected expiration: 2026-06-18 at max pain $21.00.
TNGX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
72000
72000
17
400
47600
48000
18
600
35500
36100
19
800
26000
26800
20
1100
17200
18300
21
5400
11400
16800
22
42000
6400
48400
23
79200
2400
81600
24
131000
1200
132200
25
188000
0
188000
26
260300
0
260300
27
333100
0
333100
28
406100
0
406100
29
479700
0
479700
30
558900
0
558900
31
949200
0
949200
32
1342700
0
1342700
33
1736300
0
1736300
36
2917400
0
2917400
40
4494200
0
4494200
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.