This page reflects FCEL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — FCEL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $22.00 (6.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$4.77
±17.0%
Days to Expiry
8
Calendar days
Total Call OI
3,545
Nearest expiry
Total Put OI
3,515
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$28.11
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$19.00
6/26/2026, 11:11:44 PM
2026-07-02
$23.00
7/2/2026, 11:12:28 PM
2026-07-10NextUpdated
$22.00
7/3/2026, 11:12:00 PM
2026-07-17
$13.00
7/3/2026, 11:12:00 PM
2026-07-24
$21.00
7/3/2026, 11:12:00 PM
2026-07-31
$21.00
7/3/2026, 11:12:00 PM
2026-08-07
$19.00
7/3/2026, 11:12:00 PM
2026-08-21
$20.00
7/3/2026, 11:12:00 PM
2026-10-16
$15.00
7/3/2026, 11:12:00 PM
2027-01-15
$7.00
7/3/2026, 11:12:00 PM
Selected expiration: 2026-07-10 at max pain $22.00.
FCEL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
7432300
7432300
2
100
7080800
7080900
3
1300
6729800
6731100
4
3000
6379300
6382300
5
6000
6029000
6035000
6
9100
5679100
5688200
7
12300
5329300
5341600
8
15500
4979600
4995100
9
18700
4630100
4648800
10
22000
4281400
4303400
11
25300
3933000
3958300
12
28600
3585800
3614400
13
31900
3240000
3271900
14
35200
2906500
2941700
15
39300
2581700
2621000
15.5
41700
2421750
2463450
16
44100
2262950
2307050
16.5
47550
2106650
2154200
17
52100
1950950
2003050
17.5
57800
1798300
1856100
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.