This page reflects FBRX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — FBRX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (6.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$0.17
±0.2%
Days to Expiry
3
Calendar days
Total Call OI
232
Nearest expiry
Total Put OI
3,880
Nearest expiry
P/C OI Ratio
16.72
Put-heavy
Spot Price
$76.88
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$22.50
6/18/2026, 11:10:29 PM
2026-07-17
$40.00
7/17/2026, 11:15:01 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:12:49 PM
2026-09-18
$55.00
8/18/2026, 11:12:49 PM
2026-11-20
$70.00
8/18/2026, 11:12:49 PM
2027-02-19
$70.00
8/18/2026, 11:12:49 PM
Selected expiration: 2026-08-21 at max pain $70.00.
FBRX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
18774500
18774500
7.5
0
17804500
17804500
10
0
16854500
16854500
12.5
0
15909750
15909750
15
0
14965750
14965750
17.5
0
14025000
14025000
20
0
13084750
13084750
22.5
0
12159000
12159000
25
0
11239500
11239500
30
500
9469000
9469500
35
3500
7709000
7712500
40
19500
5954500
5974000
45
61000
4270000
4331000
50
107000
2592000
2699000
55
166500
1226000
1392500
60
228500
523500
752000
65
299500
150500
450000
70
380000
3000
383000
75
469000
0
469000
80
558000
0
558000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.