This page reflects TWLO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — TWLO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $290.00 (4.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$290.00
Nearest expiry
Expected Move
±$18.20
±6.2%
Days to Expiry
7
Calendar days
Total Call OI
2,234
Nearest expiry
Total Put OI
4,139
Nearest expiry
P/C OI Ratio
1.85
Put-heavy
Spot Price
$294.58
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$262.50
9/25/2026, 11:28:44 PM
2026-10-02Updated
$285.00
10/2/2026, 11:34:34 PM
2026-10-09Next
$290.00
10/2/2026, 11:34:34 PM
2026-10-16
$240.00
10/2/2026, 11:34:34 PM
2026-10-23
$250.00
10/2/2026, 11:34:34 PM
2026-10-30
$270.00
10/2/2026, 11:34:34 PM
2026-11-06
$280.00
10/2/2026, 11:34:34 PM
2026-11-20
$195.00
10/2/2026, 11:34:34 PM
2026-12-18
$195.00
10/2/2026, 11:34:34 PM
2027-01-15
$150.00
10/2/2026, 11:34:34 PM
2027-02-19
$230.00
10/2/2026, 11:34:34 PM
2027-03-19
$185.00
10/2/2026, 11:34:34 PM
2027-04-16
$270.00
10/2/2026, 11:34:34 PM
2027-06-17
$210.00
10/2/2026, 11:34:34 PM
2027-09-17
$280.00
10/2/2026, 11:34:34 PM
Selected expiration: 2026-10-09 at max pain $290.00.
TWLO pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
71414250
71414250
175
4500
47996250
48000750
180
5000
45394750
45399750
185
5500
42793750
42799250
190
6000
40194250
40200250
195
8500
37596250
37604750
200
11500
34999750
35011250
205
14500
32676750
32691250
210
17500
30369250
30386750
215
20500
28082250
28102750
217.5
22000
26940000
26962000
220
24000
25797750
25821750
222.5
27250
24655500
24682750
225
30500
23515250
23545750
230
37000
21240250
21277250
235
45500
18980250
19025750
240
55000
16730750
16785750
245
72500
14498750
14571250
247.5
82000
13383500
13465500
250
91750
12268750
12360500
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.