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 Texas Roadhouse options about one week from expiration was $176.43. The chart above shows the exact max pain for each expiration date.

Texas Roadhouse closed above its near-term max pain on 17 of the last 20 trading days. On Nov 4, 2026 it closed at $196.49, 11.4% above max pain of $176.43.

Over the last 20 trading days, near-term max pain for Texas Roadhouse ranged from $160.71 to $180.00. It went from $164.29 on Oct 8, 2026 to $176.43 on Nov 4, 2026. See the TXRH max pain history for a longer view.

Texas Roadhouse is the largest casual dining brand in the US, with its namesake banner known for hand-cut steaks and rolls, generating $5.8 billion in system sales, largely from 648 company-owned units (94% of segment revenue), at the end of fiscal 2025.