This page reflects TT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — TT
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $440.00 (30.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$440.00
Nearest expiry
Expected Move
±$18.35
±3.9%
Days to Expiry
11
Calendar days
Total Call OI
1,025
Nearest expiry
Total Put OI
543
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$470.76
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$460.00
8/21/2026, 11:35:27 PM
2026-09-18
$430.00
9/18/2026, 11:30:42 PM
2026-10-16NextUpdated
$440.00
10/5/2026, 11:31:56 PM
2026-11-20
$450.00
10/5/2026, 11:31:56 PM
2026-12-18
$450.00
10/5/2026, 11:31:56 PM
2027-01-15
$500.00
10/5/2026, 11:31:56 PM
2027-03-19
$370.00
10/5/2026, 11:31:56 PM
Selected expiration: 2026-10-16 at max pain $440.00.
TT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
270
0
8333000
8333000
300
3000
6704000
6707000
320
7000
5620000
5627000
330
10000
5078000
5088000
340
14000
4536000
4550000
350
18000
3995000
4013000
360
22000
3456000
3478000
370
26000
2921000
2947000
380
31000
2404000
2435000
390
40000
1950000
1990000
400
49000
1525000
1574000
410
59000
1150000
1209000
420
93000
799000
892000
430
177000
504000
681000
440
327000
273000
600000
450
599000
65000
664000
460
880000
31000
911000
470
1251000
16000
1267000
480
1819000
7000
1826000
490
2526000
6000
2532000
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.