Texas Instruments IncorporatedClose $272.24EOD only
Max Pain
$285.00
Next expiry Aug 21, 2026
Expected Move
±$9.50
3.5% from close
Price Gap
+12.76
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.83
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects TXN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — TXN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $285.00 (12.76 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$285.00
Nearest expiry
Expected Move
±$9.50
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
36,228
Nearest expiry
Total Put OI
22,435
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$272.24
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$277.50
8/7/2026, 11:36:36 PM
2026-08-14
$275.00
8/14/2026, 11:38:30 PM
2026-08-21NextUpdated
$285.00
8/18/2026, 11:42:08 PM
2026-08-28
$280.00
8/18/2026, 11:42:08 PM
2026-09-04
$285.00
8/18/2026, 11:42:08 PM
2026-09-11
$280.00
8/18/2026, 11:42:08 PM
2026-09-18
$260.00
8/18/2026, 11:42:08 PM
2026-09-25
$275.00
8/18/2026, 11:42:08 PM
2026-10-02
$260.00
8/18/2026, 11:42:08 PM
2026-10-16
$270.00
8/18/2026, 11:42:08 PM
2026-11-20
$270.00
8/18/2026, 11:42:08 PM
2026-12-18
$260.00
8/18/2026, 11:42:08 PM
2027-01-15
$260.00
8/18/2026, 11:42:08 PM
2027-02-19
$235.00
8/18/2026, 11:42:08 PM
2027-03-19
$260.00
8/18/2026, 11:42:08 PM
2027-06-17
$300.00
8/18/2026, 11:42:08 PM
Selected expiration: 2026-08-21 at max pain $285.00.
TXN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
228402500
228402500
150
1000
217316500
217317500
155
7000
206267000
206274000
160
13000
195278000
195291000
165
19500
184463000
184482500
170
26000
173667500
173693500
175
34000
162925500
162959500
180
42500
152335500
152378000
185
51500
141865000
141916500
190
60500
131501000
131561500
195
69500
121170500
121240000
200
78500
111064500
111143000
205
95500
101004500
101100000
210
112500
90960000
91072500
215
131500
81007500
81139000
220
150500
71156000
71306500
225
174000
63605000
63779000
230
198000
56080500
56278500
235
238000
48659000
48897000
240
307500
41431000
41738500
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.