The Travelers Companies, Inc.Close $342.31EOD only
Max Pain
$310.00
Next expiry Jul 17, 2026
Expected Move
±$37.75
11.0% from close
Price Gap
-32.31
Distance to max pain
IV Rank
22
Low premium
P/C OI
0.45
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects TRV 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 — TRV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $310.00 (32.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$37.75
±11.0%
Days to Expiry
15
Calendar days
Total Call OI
5,059
Nearest expiry
Total Put OI
1,975
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$342.31
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
$290.00
5/15/2026, 11:37:33 PM
2026-06-18
$300.00
6/18/2026, 11:35:22 PM
2026-07-17NextUpdated
$310.00
7/3/2026, 11:33:00 PM
2026-08-21
$320.00
7/3/2026, 11:33:00 PM
2026-10-16
$300.00
7/3/2026, 11:33:00 PM
2027-01-15
$280.00
7/3/2026, 11:33:00 PM
2027-06-17
$300.00
7/3/2026, 11:33:00 PM
Selected expiration: 2026-07-17 at max pain $310.00.
TRV pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
21900000
21900000
180
0
20912500
20912500
185
0
19927000
19927000
190
0
18944000
18944000
195
0
17966500
17966500
200
0
16992000
16992000
210
0
15073000
15073000
220
5000
13182000
13187000
230
14000
11307000
11321000
240
26000
9557000
9583000
250
54000
7866000
7920000
260
85000
6225000
6310000
270
120000
4636000
4756000
280
164000
3145000
3309000
290
494000
1903000
2397000
300
873000
1077000
1950000
310
1411000
452000
1863000
320
2177000
73000
2250000
330
3699000
22000
3721000
340
6596000
11000
6607000
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.