This page reflects TWLO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — TWLO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $190.00 (19.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$6.65
±3.2%
Days to Expiry
8
Calendar days
Total Call OI
968
Nearest expiry
Total Put OI
1,377
Nearest expiry
P/C OI Ratio
1.42
Put-heavy
Spot Price
$209.31
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$187.50
6/26/2026, 11:35:19 PM
2026-07-02
$182.50
7/2/2026, 11:32:03 PM
2026-07-10NextUpdated
$190.00
7/3/2026, 11:33:18 PM
2026-07-17
$170.00
7/3/2026, 11:33:18 PM
2026-07-24
$155.00
7/3/2026, 11:33:18 PM
2026-07-31
$195.00
7/3/2026, 11:33:18 PM
2026-08-07
$190.00
7/3/2026, 11:33:18 PM
2026-08-21
$195.00
7/3/2026, 11:33:18 PM
2026-09-18
$140.00
7/3/2026, 11:33:18 PM
2026-10-16
$190.00
7/3/2026, 11:33:18 PM
2026-11-20
$190.00
7/3/2026, 11:33:18 PM
2026-12-18
$155.00
7/3/2026, 11:33:18 PM
2027-01-15
$105.00
7/3/2026, 11:33:18 PM
2027-02-19
$190.00
7/3/2026, 11:33:18 PM
2027-03-19
$155.00
7/3/2026, 11:33:18 PM
2027-06-17
$170.00
7/3/2026, 11:33:18 PM
Selected expiration: 2026-07-10 at max pain $190.00.
TWLO pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
9314400
9314400
110
0
7939400
7939400
115
500
7251900
7252400
135
2500
4503900
4506400
140
3000
3826900
3829900
145
3500
3170400
3173900
149
3900
2677200
2681100
150
4000
2554000
2558000
152.5
4750
2247250
2252000
155
5500
1944250
1949750
157.5
7250
1641250
1648500
160
9000
1343250
1352250
162.5
11000
1055250
1066250
165
13500
900750
914250
167.5
17000
750500
767500
170
20500
612500
633000
172.5
24250
503250
527500
175
28000
394250
422250
177.5
32250
312750
345000
180
36750
248250
285000
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.