Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF (TPAY) Max Pain Analysis

Max pain is the strike price where aggregate option buyer payout is minimized at expiration. It represents the price at which option writers retain the most premium.

Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF (TPAY) operates in the Financial Services sector, specifically the Asset Management - Global industry, with a market capitalization near $14.7M, listed on CBOE, carrying a beta of 1.36 to the broader market. The Roundhill S&P 500 Target 10 Managed Distribution ETF (“TPAY”) is designed to pay monthly return of capital distributions to shareholders at an annualized rate of ten percent, while providing exposure to the S&P 500. Led by Andrew Serowik, public since 2019-01-31.

Snapshot as of May 15, 2026.

Spot Price
$53.55
Total OI
4

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