This page reflects TNK 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 — TNK
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $100.00 (3.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$2.75
±2.7%
Days to Expiry
14
Calendar days
Total Call OI
4,646
Nearest expiry
Total Put OI
1,361
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$103.10
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
$74.00
8/21/2026, 11:33:03 PM
2026-09-18
$90.00
9/18/2026, 11:36:02 PM
2026-10-16NextUpdated
$100.00
10/2/2026, 11:26:08 PM
2026-11-20
$75.00
10/2/2026, 11:26:08 PM
2027-02-19
$75.00
10/2/2026, 11:26:08 PM
2027-05-21
$85.00
10/2/2026, 11:26:08 PM
Selected expiration: 2026-10-16 at max pain $100.00.
TNK pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
4243500
4243500
70
0
3555000
3555000
75
0
2867500
2867500
80
0
2188000
2188000
85
5500
1547500
1553000
90
12000
928000
940000
95
24500
386500
411000
100
51000
185500
236500
105
2100500
117000
2217500
110
4390500
58500
4449000
115
6707500
0
6707500
120
9029000
0
9029000
150
22970000
0
22970000
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.