Texas Instruments IncorporatedClose $304.88EOD only
Max Pain
$285.00
Next expiry May 22, 2026
Expected Move
±$9.18
3.0% from close
Price Gap
-19.88
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.83
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — TXN
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $285.00 (19.88 below 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
±$9.18
±3.0%
Days to Expiry
2
Calendar days
Total Call OI
8,622
Nearest expiry
Total Put OI
7,316
Nearest expiry
P/C OI Ratio
0.85
Put-heavy
Spot Price
$304.88
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$272.50
5/8/2026, 11:32:45 PM
2026-05-15
$272.50
5/15/2026, 11:39:59 PM
2026-05-22NextUpdated
$285.00
5/20/2026, 11:39:21 PM
2026-05-29
$280.00
5/20/2026, 11:39:21 PM
2026-06-05
$280.00
5/20/2026, 11:39:21 PM
2026-06-12
$300.00
5/20/2026, 11:39:21 PM
2026-06-18
$220.00
5/20/2026, 11:39:21 PM
2026-06-26
$295.00
5/20/2026, 11:39:21 PM
2026-07-17
$250.00
5/20/2026, 11:39:21 PM
2026-08-21
$290.00
5/20/2026, 11:39:21 PM
2026-09-18
$220.00
5/20/2026, 11:39:21 PM
2026-10-16
$240.00
5/20/2026, 11:39:21 PM
2026-11-20
$290.00
5/20/2026, 11:39:21 PM
2026-12-18
$180.00
5/20/2026, 11:39:21 PM
2027-01-15
$230.00
5/20/2026, 11:39:21 PM
2027-03-19
$260.00
5/20/2026, 11:39:21 PM
Selected expiration: 2026-05-22 at max pain $285.00.
TXN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
91405750
91405750
120
0
87789750
87789750
125
0
84195750
84195750
130
0
80608750
80608750
140
0
73448750
73448750
145
0
69887750
69887750
150
500
66422750
66423250
155
1000
62985250
62986250
160
1500
59676750
59678250
165
2000
56391750
56393750
170
2500
53149250
53151750
175
3000
50047250
50050250
180
3500
46960750
46964250
185
5000
43980750
43985750
190
6500
41185750
41192250
195
8000
38460250
38468250
200
9500
35799750
35809250
205
12000
33165250
33177250
210
14500
30541250
30555750
215
17500
27962750
27980250
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.