This page reflects TRGP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — TRGP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $240.00 (30.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$19.75
±7.3%
Days to Expiry
29
Calendar days
Total Call OI
5,801
Nearest expiry
Total Put OI
2,123
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$270.69
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
$230.00
4/17/2026, 11:31:20 PM
2026-05-15
$240.00
5/15/2026, 11:41:39 PM
2026-06-18NextUpdated
$240.00
5/20/2026, 11:39:18 PM
2026-07-17
$240.00
5/20/2026, 11:39:18 PM
2026-08-21
$260.00
5/20/2026, 11:39:18 PM
2026-09-18
$220.00
5/20/2026, 11:39:18 PM
2026-10-16
$210.00
5/20/2026, 11:39:18 PM
2026-12-18
$105.00
5/20/2026, 11:39:18 PM
2027-03-19
$230.00
5/20/2026, 11:39:18 PM
Selected expiration: 2026-06-18 at max pain $240.00.
TRGP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
31099500
31099500
95
6000
30038500
30044500
100
12500
28979500
28992000
105
19000
27921000
27940000
110
25500
26863000
26888500
115
32000
25806500
25838500
120
38500
24751500
24790000
125
45000
23698000
23743000
130
51500
22647500
22699000
135
58000
21601000
21659000
140
64500
20557000
20621500
145
71000
19520500
19591500
150
77500
18496000
18573500
155
84000
17483000
17567000
160
90500
16470000
16560500
165
97500
15457000
15554500
170
104500
14444000
14548500
175
112000
13431000
13543000
180
120000
12418000
12538000
185
133000
11413000
11546000
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.