This page reflects TOL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — TOL
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $140.00 (15.86 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
±$12.55
±10.1%
Days to Expiry
30
Calendar days
Total Call OI
4,704
Nearest expiry
Total Put OI
5,264
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$124.14
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
$140.00
4/17/2026, 11:33:07 PM
2026-05-15
$140.00
5/15/2026, 11:40:11 PM
2026-06-18NextUpdated
$140.00
5/19/2026, 11:32:02 PM
2026-07-17
$140.00
5/19/2026, 11:32:02 PM
2026-09-18
$145.00
5/19/2026, 11:32:02 PM
2026-12-18
$140.00
5/19/2026, 11:32:02 PM
2027-01-15
$130.00
5/19/2026, 11:32:02 PM
2027-03-19
$125.00
5/19/2026, 11:32:02 PM
Selected expiration: 2026-06-18 at max pain $140.00.
TOL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
37130500
37130500
55
6000
34499000
34505000
60
13000
31868500
31881500
65
25000
29243000
29268000
70
37000
26629000
26666000
75
49000
24072000
24121000
80
65000
21524500
21589500
85
91000
18992500
19083500
90
118000
16574500
16692500
95
145000
14187500
14332500
100
182500
11839500
12022000
105
230000
10122000
10352000
110
291500
8490000
8781500
115
357000
6881500
7238500
120
422500
5438500
5861000
125
556000
4109000
4665000
130
769500
2902000
3671500
135
1087500
2098500
3186000
140
1496000
1382500
2878500
145
2016000
898000
2914000
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.