This page reflects TRN 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 — TRN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $31.00 (4.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$1.57
±6.0%
Days to Expiry
14
Calendar days
Total Call OI
289
Nearest expiry
Total Put OI
1,192
Nearest expiry
P/C OI Ratio
4.12
Put-heavy
Spot Price
$26.13
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
$36.00
8/21/2026, 11:34:25 PM
2026-09-18
$29.00
9/18/2026, 11:32:21 PM
2026-10-16NextUpdated
$31.00
10/2/2026, 11:27:55 PM
2026-11-20
$29.00
10/2/2026, 11:27:55 PM
2027-01-15
$30.00
10/2/2026, 11:27:55 PM
2027-04-16
$26.00
10/2/2026, 11:27:55 PM
Selected expiration: 2026-10-16 at max pain $31.00.
TRN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
763200
763200
22
0
564800
564800
23
0
465700
465700
24
0
369800
369800
25
0
274200
274200
26
200
180900
181100
27
1100
141700
142800
28
2100
111000
113100
29
6900
82300
89200
30
13000
58500
71500
31
26200
39400
65600
32
44500
21500
66000
33
63300
15900
79200
34
83200
10500
93700
35
103100
5100
108200
36
126100
0
126100
37
149600
0
149600
38
173100
0
173100
39
196600
0
196600
40
220100
0
220100
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.