This page reflects TRMD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — TRMD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (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
$30.00
Nearest expiry
Expected Move
±$0.93
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
3,349
Nearest expiry
Total Put OI
1,456
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$30.20
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$30.00
6/18/2026, 11:35:20 PM
2026-07-17
$30.00
7/17/2026, 11:38:43 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:42:45 PM
2026-09-18
$40.00
8/18/2026, 11:42:45 PM
2026-10-16
$47.50
8/18/2026, 11:42:45 PM
2027-01-15
$47.50
8/18/2026, 11:42:45 PM
Selected expiration: 2026-08-21 at max pain $30.00.
TRMD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2025000
2025000
22.5
68250
934500
1002750
25
92250
571000
663250
27.5
119250
271000
390250
30
210500
98000
308500
32.5
589000
50000
639000
35
1374750
35750
1410500
37.5
2208750
21750
2230500
40
3045500
8750
3054250
42.5
3882750
0
3882750
45
4720000
0
4720000
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.