This page reflects TOL 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 — TOL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $160.00 (2.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$8.80
±5.6%
Days to Expiry
15
Calendar days
Total Call OI
1,914
Nearest expiry
Total Put OI
2,756
Nearest expiry
P/C OI Ratio
1.44
Put-heavy
Spot Price
$157.14
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
$140.00
5/15/2026, 11:40:11 PM
2026-06-18
$135.00
6/18/2026, 11:34:40 PM
2026-07-17NextUpdated
$160.00
7/3/2026, 11:32:32 PM
2026-08-21
$155.00
7/3/2026, 11:32:32 PM
2026-09-18
$150.00
7/3/2026, 11:32:32 PM
2026-12-18
$140.00
7/3/2026, 11:32:32 PM
2027-01-15
$130.00
7/3/2026, 11:32:32 PM
2027-03-19
$130.00
7/3/2026, 11:32:32 PM
2027-06-17
$150.00
7/3/2026, 11:32:32 PM
Selected expiration: 2026-07-17 at max pain $160.00.
TOL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
18122500
18122500
85
0
16745000
16745000
90
0
15371000
15371000
95
0
13998500
13998500
100
0
12638500
12638500
105
0
11282000
11282000
110
0
9963500
9963500
115
0
8662000
8662000
120
500
7376000
7376500
125
2000
6112000
6114000
130
5000
4918500
4923500
135
15000
3765000
3780000
140
40000
2668000
2708000
145
103000
1878500
1981500
150
222500
1146000
1368500
155
424500
663500
1088000
160
752000
258000
1010000
165
1287000
1000
1288000
170
1947500
0
1947500
175
2687000
0
2687000
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.