The Travelers Companies, Inc.Close $367.93EOD only
Max Pain
$350.00
Next expiry Aug 21, 2026
Expected Move
±$7.15
1.9% from close
Price Gap
-17.93
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.64
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — TRV
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $350.00 (17.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$7.15
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
5,921
Nearest expiry
Total Put OI
3,637
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$367.93
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
$300.00
6/18/2026, 11:35:22 PM
2026-07-17
$320.00
7/17/2026, 11:35:30 PM
2026-08-21NextUpdated
$350.00
8/18/2026, 11:34:53 PM
2026-09-18
$370.00
8/18/2026, 11:34:53 PM
2026-10-16
$330.00
8/18/2026, 11:34:53 PM
2027-01-15
$320.00
8/18/2026, 11:34:53 PM
2027-06-17
$360.00
8/18/2026, 11:34:53 PM
Selected expiration: 2026-08-21 at max pain $350.00.
TRV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
240
0
37362000
37362000
250
0
33725000
33725000
260
0
30088000
30088000
270
1000
26451000
26452000
280
2000
22822000
22824000
290
3000
19276000
19279000
300
5000
15993000
15998000
310
10000
12840000
12850000
320
20000
9737000
9757000
330
58000
7006000
7064000
340
231000
4467000
4698000
350
593000
2202000
2795000
360
1705000
1167000
2872000
370
3049000
369000
3418000
380
4541000
27000
4568000
390
7676000
1000
7677000
400
12634000
0
12634000
410
18097000
0
18097000
420
23734000
0
23734000
430
29422000
0
29422000
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.