This page reflects TRMD 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 — TRMD
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (0.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.95
±7.4%
Days to Expiry
14
Calendar days
Total Call OI
6,000
Nearest expiry
Total Put OI
10,511
Nearest expiry
P/C OI Ratio
1.75
Put-heavy
Spot Price
$40.00
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
$30.00
8/21/2026, 11:32:41 PM
2026-09-18
$35.00
9/18/2026, 11:32:44 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:32:58 PM
2026-11-20
$42.50
10/2/2026, 11:32:58 PM
2027-01-15
$40.00
10/2/2026, 11:32:58 PM
2027-04-16
$40.00
10/2/2026, 11:32:58 PM
Selected expiration: 2026-10-16 at max pain $40.00.
TRMD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
22097500
22097500
17.5
250
19472500
19472750
20
500
16853000
16853500
22.5
750
14262000
14262750
25
1000
11849250
11850250
27.5
31500
9528750
9560250
30
62250
7221500
7283750
32.5
165750
5082750
5248500
35
307000
3156250
3463250
37.5
819750
1569750
2389500
40
1783750
400000
2183750
42.5
3127750
128500
3256250
45
4586250
750
4587000
47.5
6081250
250
6081500
50
7576250
0
7576250
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.