This page reflects TSEM 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 — TSEM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $255.00 (35.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$255.00
Nearest expiry
Expected Move
±$14.15
±6.5%
Days to Expiry
8
Calendar days
Total Call OI
872
Nearest expiry
Total Put OI
535
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$219.05
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$267.50
6/26/2026, 11:35:01 PM
2026-07-02
$260.00
7/2/2026, 11:33:27 PM
2026-07-10NextUpdated
$255.00
7/3/2026, 11:30:29 PM
2026-07-17
$190.00
7/3/2026, 11:30:29 PM
2026-07-24
$250.00
7/3/2026, 11:30:29 PM
2026-07-31
$270.00
7/3/2026, 11:30:29 PM
2026-08-07
$245.00
7/3/2026, 11:30:29 PM
2026-08-21
$190.00
7/3/2026, 11:30:29 PM
2026-09-18
$220.00
7/3/2026, 11:30:29 PM
2026-10-16
$170.00
7/3/2026, 11:30:29 PM
2027-01-15
$60.00
7/3/2026, 11:30:29 PM
Selected expiration: 2026-07-10 at max pain $255.00.
TSEM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
3788500
3788500
145
0
3526000
3526000
150
0
3264500
3264500
155
500
3003000
3003500
170
2000
2287500
2289500
175
2500
2050000
2052500
180
3000
1815500
1818500
185
4000
1605500
1609500
190
5000
1402500
1407500
195
6000
1206000
1212000
197.5
10500
1117750
1128250
200
15000
1030250
1045250
205
25000
887250
912250
210
35500
745750
781250
215
46000
611750
657750
220
56500
504250
560750
225
67000
414750
481750
230
77500
328750
406250
235
88000
256750
344750
237.5
93250
228500
321750
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.