This page reflects TRGP 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 — TRGP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $250.00 (8.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$11.90
±4.6%
Days to Expiry
15
Calendar days
Total Call OI
6,398
Nearest expiry
Total Put OI
1,410
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$258.88
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
$240.00
5/15/2026, 11:41:39 PM
2026-06-18
$240.00
6/18/2026, 11:30:15 PM
2026-07-17NextUpdated
$250.00
7/3/2026, 11:32:05 PM
2026-08-21
$260.00
7/3/2026, 11:32:05 PM
2026-09-18
$220.00
7/3/2026, 11:32:05 PM
2026-10-16
$230.00
7/3/2026, 11:32:05 PM
2026-12-18
$110.00
7/3/2026, 11:32:05 PM
2027-01-15
$240.00
7/3/2026, 11:32:05 PM
2027-03-19
$240.00
7/3/2026, 11:32:05 PM
Selected expiration: 2026-07-17 at max pain $250.00.
TRGP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
18956000
18956000
110
0
18251500
18251500
125
0
16139500
16139500
130
0
15460500
15460500
140
1000
14103500
14104500
145
1500
13426000
13427500
150
2000
12748500
12750500
155
3000
12071000
12074000
160
4000
11393500
11397500
165
5000
10716000
10721000
170
6000
10043000
10049000
175
7000
9371000
9378000
180
8000
8699000
8707000
185
9000
8028000
8037000
190
25500
7357000
7382500
195
42000
6686000
6728000
200
99000
6015000
6114000
210
229000
4730000
4959000
220
376000
3505000
3881000
230
601000
2469000
3070000
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.