This page reflects TSAT 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 — TSAT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (11.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$6.10
±13.2%
Days to Expiry
15
Calendar days
Total Call OI
1,365
Nearest expiry
Total Put OI
861
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$46.23
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
$45.00
5/15/2026, 11:41:50 PM
2026-06-18
$45.00
6/18/2026, 11:35:15 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:33:05 PM
2026-08-21
$45.00
7/3/2026, 11:33:05 PM
2026-10-16
$50.00
7/3/2026, 11:33:05 PM
2027-01-15
$45.00
7/3/2026, 11:33:05 PM
Selected expiration: 2026-07-17 at max pain $35.00.
TSAT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2023500
2023500
20
0
1593000
1593000
22.5
3250
1377750
1381000
25
6750
1171500
1178250
30
22750
799000
821750
35
150750
489500
640250
40
406750
237500
644250
45
748250
56000
804250
50
1176250
23000
1199250
55
1662750
4000
1666750
60
2215750
2000
2217750
65
2810250
1000
2811250
70
3437750
0
3437750
75
4068250
0
4068250
80
4749250
0
4749250
85
5431250
0
5431250
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.