Trane Technologies (TT)
Trane Max Pain By Strike
TT trades at $414.88, 3.7% above the near-term max pain of $400 expiring Sep 19, 2025 (7 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($370-$450), signaling increased put positioning or downside protection. Key magnetic zone at 400 where 4 expirations converge.
Trane Max Pain By Expiry
Max pain for TT shows a downward trend from 450 to 370, indicating bearish sentiment or hedging activity. The 19% spread signals divergent expectations across timeframes. Levels distributed around 414.88. Strong magnetic level at 400 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 400 | -14.88 (-3.59%) |
| Oct 17, 2025 | 410 | -4.88 (-1.18%) |
| Nov 21, 2025 | 400 | -14.88 (-3.59%) |
| Dec 19, 2025 | 440 | 25.12 (6.05%) |
| Jan 16, 2026 | 410 | -4.88 (-1.18%) |
| Feb 20, 2026 | 450 | 35.12 (8.47%) |
| Mar 20, 2026 | 400 | -14.88 (-3.59%) |
| May 15, 2026 | 430 | 15.12 (3.64%) |
| Dec 18, 2026 | 370 | -44.88 (-10.82%) |
| Jan 15, 2027 | 400 | -14.88 (-3.59%) |