TEAM max pain

From the closing options book · October 20, 2026 · updated after every close

TEAM's max pain for the October 23, 2026 expiration was 195 at the October 20, 2026 close, −11.8% from TEAM's 221.11 close. Max pain is the price at which option holders' total intrinsic value at expiry would be smallest.

195
Max pain
Oct 23 expiry
221.11
Close
−11.8% to max pain
0.27
Put/call OI
0.55
Put/call volume

TEAM close vs max pain, last 20 sessions

SessionCloseMax painGap
Oct 20221.11195−11.8%
Oct 19214.75192.5−10.4%
Oct 16207.82190−8.6%
Oct 15217.12190−12.5%
Oct 14204.66190−7.2%
Oct 13208.04190−8.7%
Oct 12207.75190−8.5%
Oct 9206.79177.5−14.2%
Oct 8203.57192.5−5.4%
Oct 7195.79190−3.0%
Oct 6193.98190−2.1%
Oct 5196.65190−3.4%
Oct 2187.89190+1.1%
Oct 1189.91180−5.2%
Sep 30179.29180+0.4%
Sep 29175.96187.5+6.6%
Sep 28178.54187.5+5.0%
Sep 25187.74187.5−0.1%
Sep 24192.61180−6.5%
Sep 23195.08180−7.7%

The session before, max pain sat at 192.5.

Open interest within 45 days stood at 21,017 calls and 5,739 puts, a put/call ratio of 0.27. On the day, 1,238 calls and 681 puts traded.

Max pain is a property of the open-interest book, not a forecast: price has no obligation to finish there, and on most days it does not. It is most useful as a reference for where the expiring book is balanced.

These are the October 20, 2026 closing numbers. Members see TEAM's map move live all session.

Common questions

What is TEAM's max pain?

195 for the October 23, 2026 expiration, from open interest at the October 20, 2026 close.

What is TEAM's put/call ratio?

By open interest 0.27; by volume 0.55 on October 20, 2026.

Does TEAM close at max pain?

Not reliably. Max pain describes where the expiring options book is balanced; it is a reference level, not a prediction.

Compare: max pain on other tickers

Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.