This page reflects TXT 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 — TXT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (2.74 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$2.78
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
2,706
Nearest expiry
Total Put OI
788
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$77.26
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
$87.50
8/21/2026, 11:35:00 PM
2026-09-18
$82.50
9/18/2026, 11:36:00 PM
2026-10-16NextUpdated
$80.00
10/2/2026, 11:34:32 PM
2026-11-20
$87.50
10/2/2026, 11:34:32 PM
2026-12-18
$82.50
10/2/2026, 11:34:32 PM
2027-03-19
$80.00
10/2/2026, 11:34:32 PM
2027-05-21
$82.50
10/2/2026, 11:34:32 PM
Selected expiration: 2026-10-16 at max pain $80.00.
TXT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
1134750
1134750
70
500
745750
746250
72.5
1750
551500
553250
75
8500
362000
370500
77.5
30250
188750
219000
80
93250
40750
134000
82.5
654750
0
654750
85
1283000
0
1283000
87.5
1929250
0
1929250
90
2587250
0
2587250
92.5
3263250
0
3263250
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.