This page reflects TSEM 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 — TSEM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $225.00 (15.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$225.00
Nearest expiry
Expected Move
±$10.10
±4.2%
Days to Expiry
7
Calendar days
Total Call OI
1,265
Nearest expiry
Total Put OI
1,755
Nearest expiry
P/C OI Ratio
1.39
Put-heavy
Spot Price
$240.86
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$225.00
9/25/2026, 11:31:20 PM
2026-10-02Updated
$225.00
10/2/2026, 11:33:55 PM
2026-10-09Next
$225.00
10/2/2026, 11:33:55 PM
2026-10-16
$210.00
10/2/2026, 11:33:55 PM
2026-10-23
$220.00
10/2/2026, 11:33:55 PM
2026-10-30
$230.00
10/2/2026, 11:33:55 PM
2026-11-06
$200.00
10/2/2026, 11:33:55 PM
2026-11-20
$230.00
10/2/2026, 11:33:55 PM
2027-01-15
$165.00
10/2/2026, 11:33:55 PM
2027-04-16
$195.00
10/2/2026, 11:33:55 PM
Selected expiration: 2026-10-09 at max pain $225.00.
TSEM pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
11261750
11261750
155
0
6876750
6876750
160
0
6001250
6001250
165
0
5126750
5126750
170
0
4254750
4254750
175
0
3395750
3395750
180
0
2821750
2821750
185
0
2253750
2253750
190
0
1696750
1696750
195
0
1143250
1143250
197.5
0
868000
868000
200
0
612750
612750
202.5
500
503250
503750
205
1000
400250
401250
207.5
2250
322250
324500
210
3500
269750
273250
212.5
5250
223750
229000
215
7000
179750
186750
217.5
10000
144750
154750
220
13000
113500
126500
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.