This page reflects TOL 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 — TOL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $140.00 (3.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$6.83
±5.0%
Days to Expiry
14
Calendar days
Total Call OI
1,789
Nearest expiry
Total Put OI
1,085
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$136.61
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
$145.00
8/21/2026, 11:34:46 PM
2026-09-18
$135.00
9/18/2026, 11:29:20 PM
2026-10-16NextUpdated
$140.00
10/2/2026, 11:33:50 PM
2026-11-20
$135.00
10/2/2026, 11:33:50 PM
2026-12-18
$140.00
10/2/2026, 11:33:50 PM
2027-01-15
$130.00
10/2/2026, 11:33:50 PM
2027-03-19
$140.00
10/2/2026, 11:33:50 PM
2027-06-17
$115.00
10/2/2026, 11:33:50 PM
2027-09-17
$95.00
10/2/2026, 11:33:50 PM
Selected expiration: 2026-10-16 at max pain $140.00.
TOL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
3104500
3104500
105
0
2568000
2568000
110
0
2031500
2031500
115
0
1503000
1503000
120
500
1001000
1001500
125
1500
661000
662500
130
4500
385500
390000
135
11500
231500
243000
140
45000
126500
171500
145
310500
48000
358500
150
837500
27000
864500
155
1474500
13500
1488000
160
2164000
0
2164000
165
3006500
0
3006500
170
3871000
0
3871000
175
4745500
0
4745500
180
5632500
0
5632500
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.