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 Textron options about one week from expiration was $80.11. The chart above shows the exact max pain for each expiration date.

Textron closed above its near-term max pain on 9 of the last 20 trading days. On Nov 4, 2026 it closed at $86.62, 8.1% above max pain of $80.11.

Over the last 20 trading days, near-term max pain for Textron ranged from $75.57 to $80.30. It went from $77.48 on Oct 8, 2026 to $80.11 on Nov 4, 2026. See the TXT max pain history for a longer view.

Textron is a conglomerate that designs, manufactures, and services a range of specialty aircraft, including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft.