Max Pain — TREX
Data as of market close Apr 2, 2026
TREX Max Pain Data
- Max Pain Strike
- $45.00
- Expected Move
- ±$2.80 (±7.9%)
- Days to Expiry
- 15
- Total Call OI
- 2,535
- Total Put OI
- 5,446
- Put/Call OI Ratio
- 2.15
- Spot Price
- $35.56
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $45.00 | 4/3/2026, 1:48:39 AM |
| 2026-05-15 | $40.00 | 4/3/2026, 1:48:39 AM |
| 2026-07-17 | $37.50 | 4/3/2026, 1:48:39 AM |
| 2026-10-16 | $40.00 | 4/3/2026, 1:48:39 AM |
| 2026-12-18 | $40.00 | 4/3/2026, 1:48:39 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 20 | 0 | 7950000 | 7950000 |
| 22.5 | 250 | 6590000 | 6590250 |
| 25 | 750 | 5231250 | 5232000 |
| 27.5 | 3500 | 4092750 | 4096250 |
| 30 | 21500 | 3003000 | 3024500 |
| 32.5 | 50000 | 2237250 | 2287250 |
| 35 | 93250 | 1529500 | 1622750 |
| 37.5 | 183000 | 926500 | 1109500 |
| 40 | 310500 | 609000 | 919500 |
| 42.5 | 484750 | 301250 | 786000 |
| 45 | 681000 | 4250 | 685250 |
| 47.5 | 935250 | 1500 | 936750 |
| 50 | 1348250 | 1000 | 1349250 |
| 52.5 | 1885500 | 750 | 1886250 |
| 55 | 2437000 | 500 | 2437500 |
| 57.5 | 3005750 | 250 | 3006000 |
| 60 | 3595250 | 0 | 3595250 |
| 62.5 | 4200250 | 0 | 4200250 |
| 65 | 4809250 | 0 | 4809250 |
| 67.5 | 5426250 | 0 | 5426250 |
View max pain levels for TREX options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.