This page reflects TYL 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 — TYL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $310.00 (22.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$16.00
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
1,289
Nearest expiry
Total Put OI
463
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$332.21
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
2026-06-18
$310.00
6/18/2026, 11:35:39 PM
2026-07-17
$310.00
7/17/2026, 11:35:45 PM
2026-08-21NextUpdated
$310.00
8/18/2026, 11:34:24 PM
2026-09-18
$330.00
8/18/2026, 11:34:24 PM
2026-12-18
$250.00
8/18/2026, 11:34:24 PM
2027-03-19
$320.00
8/18/2026, 11:34:24 PM
Selected expiration: 2026-08-21 at max pain $310.00.
TYL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
3436000
3436000
200
0
2976000
2976000
210
0
2520000
2520000
220
0
2084000
2084000
230
0
1759000
1759000
240
0
1434000
1434000
250
0
1125000
1125000
260
0
853000
853000
270
0
593000
593000
280
0
393000
393000
290
12000
262000
274000
300
39000
151000
190000
310
74000
87000
161000
320
128000
54000
182000
330
201000
32000
233000
340
299000
15000
314000
350
417000
2000
419000
360
579000
0
579000
370
770000
0
770000
380
1963000
0
1963000
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.