This page reflects TT 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 — TT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $460.00 (8.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$460.00
Nearest expiry
Expected Move
±$29.30
±6.5%
Days to Expiry
29
Calendar days
Total Call OI
1,756
Nearest expiry
Total Put OI
2,044
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$451.69
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
$430.00
4/17/2026, 11:28:47 PM
2026-05-15
$460.00
5/15/2026, 11:37:51 PM
2026-06-18NextUpdated
$460.00
5/20/2026, 11:38:17 PM
2026-07-17
$470.00
5/20/2026, 11:38:17 PM
2026-08-21
$450.00
5/20/2026, 11:38:17 PM
2026-09-18
$450.00
5/20/2026, 11:38:17 PM
2026-12-18
$390.00
5/20/2026, 11:38:17 PM
2027-01-15
$510.00
5/20/2026, 11:38:17 PM
Selected expiration: 2026-06-18 at max pain $460.00.
TT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
41563000
41563000
230
0
39519000
39519000
240
0
37480000
37480000
250
0
35446000
35446000
260
0
33417000
33417000
270
0
31398000
31398000
280
0
29387000
29387000
290
0
27386000
27386000
300
5000
25398000
25403000
310
10000
23419000
23429000
320
16000
21446000
21462000
330
24000
19475000
19499000
340
32000
17508000
17540000
350
41000
15559000
15600000
360
50000
13634000
13684000
370
59000
11874000
11933000
380
93000
10260000
10353000
390
134000
8659000
8793000
400
182000
7088000
7270000
410
238000
5531000
5769000
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.