This page reflects TTAN 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 — TTAN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (2.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$10.85
±17.3%
Days to Expiry
29
Calendar days
Total Call OI
4,066
Nearest expiry
Total Put OI
1,712
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$62.78
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, 11:28:13 PM
2026-05-15
$60.00
5/15/2026, 11:42:16 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:35:58 PM
2026-07-17
$75.00
5/20/2026, 11:35:58 PM
2026-10-16
$80.00
5/20/2026, 11:35:58 PM
2027-01-15
$65.00
5/20/2026, 11:35:58 PM
Selected expiration: 2026-06-18 at max pain $60.00.
TTAN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
2688000
2688000
45
500
1844500
1845000
50
2000
1025000
1027000
55
5500
426000
431500
60
54500
178000
232500
65
379000
56500
435500
70
829000
30500
859500
75
2322500
12500
2335000
80
3903000
500
3903500
85
5560500
0
5560500
90
7249000
0
7249000
95
9111500
0
9111500
100
10992500
0
10992500
110
15058500
0
15058500
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.