What is the max pain price for TSLA?

As of 2026-07-10, the max pain price for TSLA options expiring 2026-07-13 is $400. Max pain is the strike at which option buyers collectively lose the most value at expiration, computed from open interest.

What does max pain mean in options trading?

Max pain is the settlement price that minimizes the total intrinsic value paid out to option holders at expiration. Some traders watch it because prices are hypothesized to drift toward this level into expiry, though academic evidence is mixed.

TSLA Max Pain

TSLA · open interest as of 2026-07-10 · spot $407.76 (2026-07-10 close) · updated nightly

Max pain · 2026-07-13

$400

spot is +1.94% vs max pain

Put/Call OI ratio

0.728

33,828 puts / 46,484 calls

Call wall

$420

largest call OI strike

Put wall

$320

largest put OI strike

Open interest by strike — 2026-07-13

■ Call OI ■ Put OI — strikes within ±15% of max pain.

TSLA max pain by expiration

Expiration	Max pain	Spot vs MP	P/C ratio	Call wall	Put wall	Call OI	Put OI
2026-07-10	$400	+1.94%	0.984	$420	$240	292,617	287,820
2026-07-13 ·	$400	+1.94%	0.728	$420	$320	46,484	33,828
2026-07-15	$405	+0.68%	0.483	$420	$360	39,824	19,247
2026-07-17	$400	+1.94%	0.703	$430	$400	456,481	321,061
2026-07-20	$400	+1.94%	0.236	$720	$415	27,537	6,501
2026-07-24	$400	+1.94%	0.74	$430	$370	61,842	45,768
2026-07-31	$400	+1.94%	0.751	$450	$380	47,378	35,578
2026-08-07	$400	+1.94%	0.522	$420	$400	28,661	14,964
2026-08-14	$415	-1.74%	0.853	$450	$440	5,958	5,083
2026-08-21	$395	+3.23%	0.791	$500	$350	200,972	158,922

What is max pain?

Max pain (or "maximum pain") is the strike price at which the greatest number of option buyers would lose money if TSLA settled there at expiration. For each candidate settlement price, sum the intrinsic value of every in-the-money call and put weighted by open interest; the price that minimizes that total payout is the max pain point.

Some traders watch max pain because of the theory that prices tend to gravitate toward this level as expiration approaches ("pinning"). The academic evidence is mixed — treat it as a read on positioning, not a prediction. The call wall and put wall (largest single-strike open interest) are often watched as near-term resistance and support zones for the same reason. Full walkthrough with a worked example: what is max pain?

More TSLA options data

Same open interest, different lens: the TSLA gamma exposure (GEX) dashboard shows how dealer hedging of these contracts may dampen or amplify moves — net GEX, gamma flip level, and gamma walls.

Max pain for other tickers

AAPL max pain $310 NVDA max pain $197.5 DIA max pain $520 IWM max pain $298 QQQ max pain $720 RSP max pain $210 SMH max pain $597.5 SOXX max pain $585

Derived metrics computed from end-of-day open interest (methodology); not raw market data, not investment advice. Open interest settles once daily — intraday moves are not reflected.