This page reflects TVTX 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 — TVTX
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $60.00 (2.33 above 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
±$2.25
±3.9%
Days to Expiry
11
Calendar days
Total Call OI
1,164
Nearest expiry
Total Put OI
239
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$57.67
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
$57.50
8/21/2026, 11:35:34 PM
2026-09-18
$60.00
9/18/2026, 11:35:57 PM
2026-10-16NextUpdated
$60.00
10/5/2026, 11:32:17 PM
2026-11-20
$60.00
10/5/2026, 11:32:17 PM
2026-12-18
$22.50
10/5/2026, 11:32:17 PM
2027-01-15
$30.00
10/5/2026, 11:32:17 PM
2027-03-19
$37.50
10/5/2026, 11:32:17 PM
Selected expiration: 2026-10-16 at max pain $60.00.
TVTX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
521500
521500
45
12000
402000
414000
47.5
19000
342250
361250
50
26000
282750
308750
55
51500
175750
227250
57.5
69000
124250
193250
60
86500
79000
165500
62.5
130750
43750
174500
65
203250
16500
219750
67.5
293750
0
293750
70
409000
0
409000
72.5
577500
0
577500
75
749500
0
749500
85
1908500
0
1908500
90
2489000
0
2489000
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.