This page reflects TSAT 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 — TSAT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (2.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$5.53
±11.5%
Days to Expiry
14
Calendar days
Total Call OI
1,369
Nearest expiry
Total Put OI
1,408
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$48.00
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
$40.00
8/21/2026, 11:28:44 PM
2026-09-18
$45.00
9/18/2026, 11:30:14 PM
2026-10-16NextUpdated
$50.00
10/2/2026, 11:31:16 PM
2026-11-20
$50.00
10/2/2026, 11:31:16 PM
2027-01-15
$40.00
10/2/2026, 11:31:16 PM
2027-04-16
$45.00
10/2/2026, 11:31:16 PM
Selected expiration: 2026-10-16 at max pain $50.00.
TSAT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
3996750
3996750
17.5
0
3644750
3644750
20
500
3292750
3293250
22.5
1000
2941000
2942000
25
1500
2590500
2592000
30
71000
1890500
1961500
35
158500
1203500
1362000
40
262000
548500
810500
45
405000
240000
645000
50
621500
2500
624000
55
904000
1500
905500
60
1260000
500
1260500
65
1692000
0
1692000
70
2343000
0
2343000
75
3021000
0
3021000
80
3705000
0
3705000
85
4389000
0
4389000
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.