This page reflects TWST 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 — TWST
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (39.24 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
±$10.95
±11.0%
Days to Expiry
15
Calendar days
Total Call OI
1,871
Nearest expiry
Total Put OI
1,200
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$99.24
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$55.00
5/15/2026, 11:42:50 PM
2026-06-18
$55.00
6/18/2026, 11:35:37 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:31:36 PM
2026-08-21
$95.00
7/3/2026, 11:31:36 PM
2026-10-16
$55.00
7/3/2026, 11:31:36 PM
2027-01-15
$60.00
7/3/2026, 11:31:36 PM
Selected expiration: 2026-07-17 at max pain $60.00.
TWST pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
5733750
5733750
15
0
5433750
5433750
17.5
0
5133750
5133750
20
0
4833750
4833750
22.5
0
4534500
4534500
25
250
4246750
4247000
27.5
1750
3960750
3962500
30
3250
3676500
3679750
32.5
14250
3403000
3417250
35
25750
3133000
3158750
37.5
42500
2900500
2943000
40
61000
2669250
2730250
42.5
87750
2445000
2532750
45
117250
2221250
2338500
47.5
153500
2010500
2164000
50
198000
1800750
1998750
52.5
289250
1592500
1881750
55
386500
1384750
1771250
57.5
496750
1177250
1674000
60
608000
1053750
1661750
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.