Texas Pacific Land CorporationClose $340.19EOD only
Max Pain
$350.00
Next expiry Oct 16, 2026
Expected Move
±$20.50
6.0% from close
Price Gap
+9.81
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.54
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects TPL 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 — TPL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $350.00 (9.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$20.50
±6.0%
Days to Expiry
14
Calendar days
Total Call OI
6,884
Nearest expiry
Total Put OI
3,769
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$340.19
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
$380.00
8/21/2026, 11:33:30 PM
2026-09-18
$360.00
9/18/2026, 11:32:25 PM
2026-10-16NextUpdated
$350.00
10/2/2026, 11:33:30 PM
2026-11-20
$370.00
10/2/2026, 11:33:30 PM
2027-01-15
$350.00
10/2/2026, 11:33:30 PM
2027-04-16
$300.00
10/2/2026, 11:33:30 PM
Selected expiration: 2026-10-16 at max pain $350.00.
TPL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
57311000
57311000
200
0
53546000
53546000
220
0
46018000
46018000
230
0
42254000
42254000
240
0
38504000
38504000
250
5000
34777000
34782000
260
10000
31066000
31076000
270
15000
27355000
27370000
280
20000
23680000
23700000
290
332000
20137000
20469000
300
1127000
16660000
17787000
310
2648000
14359000
17007000
320
4169000
12157000
16326000
330
5747000
10092000
15839000
340
7350000
8252000
15602000
350
8994000
6592000
15586000
360
10804000
5109000
15913000
370
12795000
3890000
16685000
380
14963000
2964000
17927000
390
17275000
2132000
19407000
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.