This page reflects FCN 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 — FCN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $165.00 (13.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$1.93
±1.3%
Days to Expiry
3
Calendar days
Total Call OI
166
Nearest expiry
Total Put OI
51
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$151.45
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
$155.00
6/18/2026, 11:13:37 PM
2026-07-17
$145.00
7/17/2026, 11:14:35 PM
2026-08-21NextUpdated
$165.00
8/18/2026, 11:13:40 PM
2026-09-18
$160.00
8/18/2026, 11:13:40 PM
2026-11-20
$135.00
8/18/2026, 11:13:40 PM
2026-12-18
$135.00
8/18/2026, 11:13:40 PM
2027-03-19
$110.00
8/18/2026, 11:13:40 PM
Selected expiration: 2026-08-21 at max pain $165.00.
FCN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
172500
172500
125
500
147500
148000
130
1000
123500
124500
135
1500
101500
103000
140
2000
80500
82500
145
2500
63500
66000
150
3000
47000
50000
155
3500
31000
34500
160
6500
15000
21500
165
11000
0
11000
170
16000
0
16000
175
32000
0
32000
180
48500
0
48500
185
67000
0
67000
190
102000
0
102000
195
149000
0
149000
200
196500
0
196500
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.