This page reflects TNK 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 — TNK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $69.00 (1.40 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$69.00
Nearest expiry
Expected Move
±$5.03
±7.4%
Days to Expiry
15
Calendar days
Total Call OI
773
Nearest expiry
Total Put OI
329
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$67.60
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
$70.00
5/15/2026, 11:41:28 PM
2026-06-18
$74.00
6/18/2026, 11:39:27 PM
2026-07-17NextUpdated
$69.00
7/3/2026, 11:28:00 PM
2026-08-21
$70.00
7/3/2026, 11:28:00 PM
2026-11-20
$70.00
7/3/2026, 11:28:00 PM
2027-02-19
$65.00
7/3/2026, 11:28:00 PM
Selected expiration: 2026-07-17 at max pain $69.00.
TNK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
54
0
471800
471800
55
0
439400
439400
59
0
311800
311800
60
0
280900
280900
64
0
159300
159300
65
0
135400
135400
69
0
41800
41800
70
12300
35100
47400
74
61500
8300
69800
75
95000
6300
101300
79
229000
300
229300
80
280400
0
280400
84
486000
0
486000
85
562400
0
562400
89
868400
0
868400
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.