This page reflects TSN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — TSN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $62.50 (4.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$3.55
±5.3%
Days to Expiry
29
Calendar days
Total Call OI
10,249
Nearest expiry
Total Put OI
7,292
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$66.52
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$60.00
4/17/2026, 11:33:51 PM
2026-05-15
$65.00
5/15/2026, 11:41:59 PM
2026-06-18NextUpdated
$62.50
5/20/2026, 11:35:28 PM
2026-07-17
$65.00
5/20/2026, 11:35:28 PM
2026-09-18
$60.00
5/20/2026, 11:35:28 PM
2026-10-16
$65.00
5/20/2026, 11:35:28 PM
2026-12-18
$65.00
5/20/2026, 11:35:28 PM
2027-01-15
$60.00
5/20/2026, 11:35:28 PM
2027-03-19
$70.00
5/20/2026, 11:35:28 PM
Selected expiration: 2026-06-18 at max pain $62.50.
TSN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
19945000
19945000
30
0
18125250
18125250
32.5
0
16313500
16313500
35
0
14501750
14501750
37.5
0
12722250
12722250
40
1750
10968000
10969750
42.5
4500
9229250
9233750
45
7250
7490500
7497750
47.5
10500
5866750
5877250
50
14500
4312500
4327000
52.5
18500
2861750
2880250
55
39500
1818250
1857750
57.5
98500
1211250
1309750
60
207250
710000
917250
62.5
616250
264250
880500
65
1414750
80000
1494750
67.5
2479500
19750
2499250
70
3800750
6000
3806750
72.5
5896250
4500
5900750
75
8205250
3500
8208750
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.