This page reflects TROX 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 — TROX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $6.00 (0.46 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.58
±10.4%
Days to Expiry
3
Calendar days
Total Call OI
6,766
Nearest expiry
Total Put OI
5,577
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$5.54
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
$8.00
6/18/2026, 11:34:22 PM
2026-07-17
$7.00
7/17/2026, 11:38:57 PM
2026-08-21NextUpdated
$6.00
8/18/2026, 11:40:11 PM
2026-09-18
$4.00
8/18/2026, 11:40:11 PM
2026-11-20
$7.00
8/18/2026, 11:40:11 PM
2027-01-15
$4.00
8/18/2026, 11:40:11 PM
2027-02-19
$5.00
8/18/2026, 11:40:11 PM
Selected expiration: 2026-08-21 at max pain $6.00.
TROX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2675500
2675500
2
2100
2118200
2120300
3
5000
1560900
1565900
4
9200
1005000
1014200
5
13400
453000
466400
6
353800
39000
392800
7
714500
9800
724300
8
1121300
5500
1126800
9
1562700
1800
1564500
10
2024800
400
2025200
11
2562000
0
2562000
12
3102800
0
3102800
13
3754800
0
3754800
14
4415200
0
4415200
15
5075600
0
5075600
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.