This page reflects TRGP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — TRGP
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $270.00 (17.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$12.25
±4.3%
Days to Expiry
11
Calendar days
Total Call OI
3,481
Nearest expiry
Total Put OI
857
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$287.40
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
$270.00
8/21/2026, 11:35:07 PM
2026-09-18
$270.00
9/18/2026, 11:32:38 PM
2026-10-16NextUpdated
$270.00
10/5/2026, 11:34:03 PM
2026-11-20
$270.00
10/5/2026, 11:34:03 PM
2026-12-18
$270.00
10/5/2026, 11:34:03 PM
2027-01-15
$280.00
10/5/2026, 11:34:03 PM
2027-03-19
$240.00
10/5/2026, 11:34:03 PM
2027-04-16
$310.00
10/5/2026, 11:34:03 PM
2027-06-17
$260.00
10/5/2026, 11:34:03 PM
2027-09-17
$280.00
10/5/2026, 11:34:03 PM
Selected expiration: 2026-10-16 at max pain $270.00.
TRGP pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
10114500
10114500
150
500
9686000
9686500
155
1000
9257500
9258500
160
1500
8829000
8830500
165
2000
8405000
8407000
170
2500
7981000
7983500
175
3000
7557000
7560000
180
3500
7133000
7136500
190
4500
6285000
6289500
195
10000
5861500
5871500
200
15500
5439000
5454500
210
30500
4598000
4628500
220
48500
3757000
3805500
230
66500
2916000
2982500
240
129500
2075000
2204500
250
330500
1253000
1583500
260
531500
509000
1040500
270
808500
131000
939500
280
1104500
48000
1152500
290
1474500
7000
1481500
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.