Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Terex options about one week from expiration was $50.00. The chart above shows the exact max pain for each expiration date.

Terex closed above its near-term max pain on 13 of the last 20 trading days. On Nov 4, 2026 it closed at $57.57, 15.1% above max pain of $50.00.

Over the last 20 trading days, near-term max pain for Terex ranged from $50.00 to $55.01. It went from $55.01 on Oct 8, 2026 to $50.00 on Nov 4, 2026. See the TEX max pain history for a longer view.

Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment for the waste, recycling, and utility industries.