This page reflects FCEL 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 — FCEL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (1.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.08
±9.6%
Days to Expiry
3
Calendar days
Total Call OI
31,691
Nearest expiry
Total Put OI
10,066
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$21.70
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
2026-08-07
$21.00
8/7/2026, 11:13:36 PM
2026-08-14
$20.00
8/14/2026, 11:12:40 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:13:25 PM
2026-08-28
$20.00
8/18/2026, 11:13:25 PM
2026-09-04
$20.00
8/18/2026, 11:13:25 PM
2026-09-11
$21.00
8/18/2026, 11:13:25 PM
2026-09-18
$21.00
8/18/2026, 11:13:25 PM
2026-09-25
$22.00
8/18/2026, 11:13:25 PM
2026-10-02
$22.00
8/18/2026, 11:13:25 PM
2026-10-16
$19.00
8/18/2026, 11:13:25 PM
2027-01-15
$7.00
8/18/2026, 11:13:25 PM
Selected expiration: 2026-08-21 at max pain $20.00.
FCEL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
18864600
18864600
2
13200
17858500
17871700
3
42300
16853000
16895300
4
89600
15848000
15937600
5
137900
14843200
14981100
6
186500
13838700
14025200
7
235900
12834600
13070500
8
286400
11830600
12117000
9
337100
10826800
11163900
10
388200
9823600
10211800
11
457000
8841800
9298800
12
530300
7867900
8398200
13
605800
6912100
7517900
13.5
644400
6442800
7087200
14
683150
5973800
6656950
14.5
722700
5514550
6237250
15
762800
5062300
5825100
15.5
865150
4622500
5487650
16
967500
4184650
5152150
16.5
1070400
3774900
4845300
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.