Nearest listed expiration 2026-07-10 shows max pain at $450.00 (15.84 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$450.00
Nearest expiry
Expected Move
±$27.40
±6.3%
Days to Expiry
8
Calendar days
Total Call OI
37,227
Nearest expiry
Total Put OI
70,503
Nearest expiry
P/C OI Ratio
1.89
Put-heavy
Spot Price
$434.16
Published close
Consensus
5.0/10
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
$440.00
6/26/2026, 11:32:36 PM
2026-07-02
$440.00
7/2/2026, 11:36:20 PM
2026-07-10NextUpdated
$450.00
7/3/2026, 11:30:20 PM
2026-07-17
$420.00
7/3/2026, 11:30:20 PM
2026-07-24
$430.00
7/3/2026, 11:30:20 PM
2026-07-31
$430.00
7/3/2026, 11:30:20 PM
2026-08-07
$420.00
7/3/2026, 11:30:20 PM
2026-08-21
$410.00
7/3/2026, 11:30:20 PM
2026-09-18
$400.00
7/3/2026, 11:30:20 PM
2026-10-16
$390.00
7/3/2026, 11:30:20 PM
2026-11-20
$400.00
7/3/2026, 11:30:20 PM
2026-12-18
$400.00
7/3/2026, 11:30:20 PM
2027-01-15
$330.00
7/3/2026, 11:30:20 PM
2027-03-19
$400.00
7/3/2026, 11:30:20 PM
2027-06-17
$400.00
7/3/2026, 11:30:20 PM
Selected expiration: 2026-07-10 at max pain $450.00.
TSM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
210
0
1075452500
1075452500
215
1500
1040602500
1040604000
220
6000
1005859500
1005865500
225
15500
971160500
971176000
230
30500
936586000
936616500
235
49000
902510500
902559500
240
167500
868458000
868625500
245
290000
834487000
834777000
250
417500
800589500
801007000
255
549000
769522000
770071000
260
685500
738514000
739199500
265
827000
707810000
708637000
270
973500
677144500
678118000
275
1124000
646822000
647946000
280
1279500
616687000
617966500
285
1439000
586778500
588217500
290
1603500
557037000
558640500
295
1779500
527584500
529364000
300
1960000
498342500
500302500
305
2156000
469429500
471585500
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.