This page reflects FCEL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — FCEL
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $17.00 (3.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$2.40
±11.9%
Days to Expiry
2
Calendar days
Total Call OI
15,593
Nearest expiry
Total Put OI
6,570
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$20.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$12.50
5/8/2026, 11:12:47 PM
2026-05-15
$12.50
5/15/2026, 11:15:44 PM
2026-05-22NextUpdated
$17.00
5/20/2026, 11:09:40 PM
2026-05-29
$12.00
5/20/2026, 11:09:40 PM
2026-06-05
$15.00
5/20/2026, 11:09:40 PM
2026-06-12
$15.00
5/20/2026, 11:09:40 PM
2026-06-18
$13.00
5/20/2026, 11:09:40 PM
2026-06-26
$17.00
5/20/2026, 11:09:40 PM
2026-07-17
$8.00
5/20/2026, 11:09:40 PM
2026-10-16
$12.00
5/20/2026, 11:09:40 PM
2027-01-15
$5.00
5/20/2026, 11:09:40 PM
Selected expiration: 2026-05-22 at max pain $17.00.
FCEL pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
10097600
10097600
2
300
9440700
9441000
3
1000
8784900
8785900
3.5
1900
8457350
8459250
4
3000
8130150
8133150
4.5
4550
7803250
7807800
5
6350
7476500
7482850
5.5
8400
7150150
7158550
6
10500
6823800
6834300
7
15000
6172100
6187100
7.5
17900
5847500
5865400
8
20800
5523100
5543900
8.5
25550
5199300
5224850
9
30650
4879500
4910150
9.5
38350
4562050
4600400
10
46400
4244750
4291150
10.5
70550
3930300
4000850
11
94750
3616200
3710950
11.5
121600
3313400
3435000
12
148650
3010800
3159450
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.