This page reflects TWST 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 — TWST
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $170.00 (18.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$24.70
±13.1%
Days to Expiry
14
Calendar days
Total Call OI
3,368
Nearest expiry
Total Put OI
5,030
Nearest expiry
P/C OI Ratio
1.49
Put-heavy
Spot Price
$188.67
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
$95.00
8/21/2026, 11:35:45 PM
2026-09-18
$130.00
9/18/2026, 11:35:59 PM
2026-10-16NextUpdated
$170.00
10/2/2026, 11:34:18 PM
2026-11-20
$180.00
10/2/2026, 11:34:18 PM
2027-01-15
$82.50
10/2/2026, 11:34:18 PM
2027-04-16
$135.00
10/2/2026, 11:34:18 PM
2027-06-17
$100.00
10/2/2026, 11:34:18 PM
Selected expiration: 2026-10-16 at max pain $170.00.
TWST pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
59057750
59057750
25
0
57805250
57805250
27.5
1500
56559000
56560500
30
3000
55313500
55316500
32.5
5000
54068250
54073250
35
9500
52823000
52832500
37.5
14750
51578500
51593250
40
21500
50334000
50355500
42.5
28750
49095500
49124250
45
46000
47857250
47903250
47.5
63750
46619000
46682750
50
81750
45381750
45463500
52.5
99750
44145000
44244750
55
119250
42908250
43027500
57.5
138750
41675000
41813750
60
170750
40445750
40616500
62.5
212500
39235250
39447750
65
286500
38026500
38313000
67.5
362000
36820000
37182000
70
438250
35614750
36053000
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.