This page reflects TRMD 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 — TRMD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $27.50 (0.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.50
Nearest expiry
Expected Move
±$1.35
±4.9%
Days to Expiry
15
Calendar days
Total Call OI
5,739
Nearest expiry
Total Put OI
4,022
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$27.70
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
$30.00
5/15/2026, 11:41:32 PM
2026-06-18
$30.00
6/18/2026, 11:35:20 PM
2026-07-17NextUpdated
$27.50
7/3/2026, 11:30:47 PM
2026-08-21
$42.50
7/3/2026, 11:30:47 PM
2026-10-16
$47.50
7/3/2026, 11:30:47 PM
2027-01-15
$47.50
7/3/2026, 11:30:47 PM
Selected expiration: 2026-07-17 at max pain $27.50.
TRMD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
6628250
6628250
12.5
1250
5623000
5624250
15
2500
4617750
4620250
17.5
7250
3627000
3634250
20
12000
2678000
2690000
22.5
25500
1796500
1822000
25
39000
936750
975750
27.5
283250
275250
558500
30
552000
52500
604500
32.5
1454500
30250
1484750
35
2706000
13000
2719000
37.5
4100250
9750
4110000
40
5509750
6500
5516250
42.5
6944500
3250
6947750
45
8379250
0
8379250
47.5
9814000
0
9814000
50
11248750
0
11248750
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.