The Travelers Companies, Inc.Close $360.38EOD only
Max Pain
$340.00
Next expiry Oct 16, 2026
Expected Move
±$16.25
4.5% from close
Price Gap
-20.38
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.61
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — TRV
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $340.00 (20.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$16.25
±4.5%
Days to Expiry
14
Calendar days
Total Call OI
3,334
Nearest expiry
Total Put OI
1,364
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$360.38
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
$350.00
8/21/2026, 11:29:16 PM
2026-09-18
$370.00
9/18/2026, 11:32:39 PM
2026-10-16NextUpdated
$340.00
10/2/2026, 11:32:35 PM
2026-11-20
$360.00
10/2/2026, 11:32:35 PM
2027-01-15
$340.00
10/2/2026, 11:32:35 PM
2027-04-16
$380.00
10/2/2026, 11:32:35 PM
2027-06-17
$360.00
10/2/2026, 11:32:35 PM
2027-09-17
$310.00
10/2/2026, 11:32:35 PM
Selected expiration: 2026-10-16 at max pain $340.00.
TRV pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
20562500
20562500
180
0
19885000
19885000
185
0
19208500
19208500
190
0
18532500
18532500
195
2000
17858500
17860500
200
6000
17195000
17201000
210
15000
15888000
15903000
220
25000
14591000
14616000
230
36000
13294000
13330000
240
47000
12013000
12060000
250
58000
10743000
10801000
260
73000
9490000
9563000
270
90000
8255000
8345000
280
110000
7020000
7130000
290
136000
5785000
5921000
300
178000
4590000
4768000
310
250000
3612000
3862000
320
362000
2818000
3180000
330
512000
2100000
2612000
340
870000
1469000
2339000
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.