This page reflects TNK 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 — TNK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $74.00 (15.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$74.00
Nearest expiry
Expected Move
±$3.12
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
2,718
Nearest expiry
Total Put OI
2,105
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$89.10
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
$74.00
6/18/2026, 11:39:27 PM
2026-07-17
$69.00
7/17/2026, 11:34:06 PM
2026-08-21NextUpdated
$74.00
8/18/2026, 11:39:08 PM
2026-09-18
$80.00
8/18/2026, 11:39:08 PM
2026-11-20
$70.00
8/18/2026, 11:39:08 PM
2027-02-19
$65.00
8/18/2026, 11:39:08 PM
Selected expiration: 2026-08-21 at max pain $74.00.
TNK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
29
0
6816600
6816600
30
0
6606300
6606300
39
0
4716300
4716300
40
0
4506300
4506300
44
0
3683500
3683500
45
0
3489800
3489800
49
1600
2744200
2745800
50
2000
2574100
2576100
54
4000
1958900
1962900
55
4600
1818800
1823400
59
13400
1305200
1318600
60
15800
1196400
1212200
64
31000
783200
814200
65
50500
704900
755400
69
128500
414100
542600
70
159600
359800
519400
74
294000
146200
440200
75
400800
107800
508600
79
844400
11000
855400
80
1055100
0
1055100
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.