This page reflects TXRH 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 — TXRH
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $160.00 (18.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$3.52
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
368
Nearest expiry
Total Put OI
207
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$178.34
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
$157.50
5/8/2026, 11:33:17 PM
2026-05-15
$165.00
5/15/2026, 11:42:27 PM
2026-05-22NextUpdated
$160.00
5/20/2026, 11:35:01 PM
2026-05-29
$175.00
5/20/2026, 11:35:01 PM
2026-06-05
$180.00
5/20/2026, 11:35:01 PM
2026-06-12
$160.00
5/20/2026, 11:35:01 PM
2026-06-18
$165.00
5/20/2026, 11:35:01 PM
2026-07-17
$170.00
5/20/2026, 11:35:01 PM
2026-08-21
$170.00
5/20/2026, 11:35:01 PM
2026-09-18
$155.00
5/20/2026, 11:35:01 PM
2026-12-18
$150.00
5/20/2026, 11:35:01 PM
Selected expiration: 2026-05-22 at max pain $160.00.
TXRH pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
992650
992650
130
0
683650
683650
135
0
583150
583150
145
0
388150
388150
146
0
369850
369850
147
0
351750
351750
149
0
315550
315550
150
0
297750
297750
155
500
210750
211250
157.5
750
168250
169000
160
1000
126250
127250
162.5
27500
102000
129500
165
54250
77750
132000
167.5
108750
53750
162500
170
163250
33000
196250
172.5
232000
22250
254250
175
303000
12250
315250
177.5
375500
4250
379750
180
449250
2500
451750
182.5
532250
1250
533500
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.