This page reflects TYL 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 — TYL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $340.00 (22.74 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$33.45
±10.5%
Days to Expiry
29
Calendar days
Total Call OI
1,631
Nearest expiry
Total Put OI
686
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$317.26
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$340.00
4/17/2026, 11:34:11 PM
2026-05-15
$320.00
5/15/2026, 11:41:41 PM
2026-06-18NextUpdated
$340.00
5/20/2026, 11:39:33 PM
2026-07-17
$280.00
5/20/2026, 11:39:33 PM
2026-09-18
$350.00
5/20/2026, 11:39:33 PM
2026-12-18
$350.00
5/20/2026, 11:39:33 PM
Selected expiration: 2026-06-18 at max pain $340.00.
TYL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
195
0
7566000
7566000
200
0
7223000
7223000
210
0
6537000
6537000
220
0
5851000
5851000
230
0
5172000
5172000
240
0
4574000
4574000
250
0
3980000
3980000
260
0
3391000
3391000
270
0
2850000
2850000
280
1000
2317000
2318000
290
2000
1889000
1891000
300
5000
1493000
1498000
310
11000
1167000
1178000
320
19000
938000
957000
330
54000
726000
780000
340
108000
544000
652000
350
203000
473000
676000
360
487000
405000
892000
370
850000
342000
1192000
380
1229000
285000
1514000
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.