This page reflects TROX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — TROX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $7.00 (0.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$1.30
±16.3%
Days to Expiry
29
Calendar days
Total Call OI
6,791
Nearest expiry
Total Put OI
809
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$7.97
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$7.00
4/17/2026, 11:28:03 PM
2026-05-15
$4.00
5/15/2026, 11:42:18 PM
2026-06-18NextUpdated
$7.00
5/20/2026, 11:36:52 PM
2026-08-21
$8.00
5/20/2026, 11:36:52 PM
2026-09-18
$4.00
5/20/2026, 11:36:52 PM
2026-11-20
$7.00
5/20/2026, 11:36:52 PM
2027-01-15
$4.00
5/20/2026, 11:36:52 PM
Selected expiration: 2026-06-18 at max pain $7.00.
TROX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
496300
496300
2
0
415600
415600
3
0
335000
335000
4
1000
256000
257000
5
2000
180300
182300
6
6400
108200
114600
7
12600
56000
68600
8
47500
22500
70000
9
98300
8200
106500
10
213100
500
213600
11
699800
200
700000
12
1254200
0
1254200
13
1923700
0
1923700
14
2601800
0
2601800
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.