TLT Max Pain
TLT $81.61 · Updated Oct 26, 4:00 PM ET
TLT max pain for Oct 28, 2026 (2 days out) is $80.50, 1.4% below the current $81.61. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $78.50.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 28, 2026 | 2 | $80.50 | -1.4% | 42,084 | 23,911 |
| Oct 30, 2026 | 4 | $79.00 | -3.2% | 288,547 | 136,107 |
| Nov 2, 2026 | 7 | $81.00 | -0.8% | 16,871 | 8,517 |
| Nov 4, 2026 | 9 | $81.50 | -0.1% | 19,767 | 9,461 |
| Nov 6, 2026 | 11 | $78.50 | -3.8% | 258,435 | 91,779 |
| Nov 9, 2026 | 14 | $66.00 | -19.1% | 0 | 0 |
| Nov 13, 2026 | 18 | $79.00 | -3.2% | 104,690 | 86,945 |
| Nov 20, 2026 | 25 | $81.00 | -0.8% | 755,761 | 762,717 |
| Nov 27, 2026 | 32 | $78.50 | -3.8% | 27,263 | 19,653 |
| Nov 30, 2026 | 35 | $78.00 | -4.4% | 413,660 | 44,465 |
| Dec 4, 2026 | 39 | $82.00 | +0.5% | 2,416 | 3,121 |
| Dec 18, 2026 | 53 | $81.00 | -0.8% | 1,237,749 | 711,047 |
How this is calculated: Max Pain methodology