This page reflects FCEL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — FCEL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $16.50 (1.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.50
Nearest expiry
Expected Move
±$0.82
±4.5%
Days to Expiry
7
Calendar days
Total Call OI
6,834
Nearest expiry
Total Put OI
1,882
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$18.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$16.50
9/25/2026, 11:12:19 PM
2026-10-02Updated
$16.50
10/2/2026, 11:11:10 PM
2026-10-09Next
$16.50
10/2/2026, 11:11:10 PM
2026-10-16
$17.00
10/2/2026, 11:11:10 PM
2026-10-23
$16.00
10/2/2026, 11:11:10 PM
2026-10-30
$17.00
10/2/2026, 11:11:10 PM
2026-11-06
$17.00
10/2/2026, 11:11:10 PM
2026-11-20
$17.00
10/2/2026, 11:11:10 PM
2027-01-15
$10.00
10/2/2026, 11:11:10 PM
2027-04-16
$24.00
10/2/2026, 11:11:10 PM
Selected expiration: 2026-10-09 at max pain $16.50.
FCEL pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2761850
2761850
2
100
2573650
2573750
4
1500
2197250
2198750
9
5000
1257750
1262750
10
5800
1069850
1075650
11
7300
882050
889350
12
8800
694650
703450
12.5
9550
603250
612800
13
10300
515000
525300
13.5
12800
433100
445900
14
15300
351600
366900
14.5
20000
280600
300600
15
25900
212650
238550
15.5
34350
161450
195800
16
44100
114050
158150
16.5
72150
84050
156200
17
114550
61650
176200
17.5
172550
43800
216350
18
242850
29500
272350
18.5
326150
18500
344650
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.