What is FCX max pain this week?

FCX max pain for the nearest expiration (2026-08-21) is $65.00. Total call open interest: 109,205. Total put open interest: 110,043.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options FCXMax Pain

FCX

Freeport-McMoRan, Inc.Close $68.38EOD only

Max Pain

$65.00

Next expiry Aug 21, 2026

Expected Move

±$2.98

4.3% from close

Price Gap

-3.38

Distance to max pain

IV Rank

Low premium

P/C OI

1.04

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: Aug 17, 2026 close

End-of-day snapshot

This page reflects FCX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Aug 17, 2026 close

Max Pain — FCX

Data as of market close Aug 17, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $65.00 (3.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$65.00

Nearest expiry

Expected Move

±$2.98

±4.3%

Days to Expiry

Calendar days

Total Call OI

109,205

Nearest expiry

Total Put OI

110,043

Nearest expiry

P/C OI Ratio

1.01

Put-heavy

Spot Price

$68.38

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	$64.00	8/7/2026, 11:13:31 PM
2026-08-14	$68.00	8/14/2026, 11:16:40 PM
2026-08-21NextUpdated	$65.00	8/17/2026, 11:16:36 PM
2026-08-28	$70.00	8/17/2026, 11:16:36 PM
2026-09-04	$62.00	8/17/2026, 11:16:36 PM
2026-09-11	$66.00	8/17/2026, 11:16:36 PM
2026-09-18	$60.00	8/17/2026, 11:16:36 PM
2026-09-25	$68.00	8/17/2026, 11:16:36 PM
2026-10-02	$63.00	8/17/2026, 11:16:36 PM
2026-10-16	$60.00	8/17/2026, 11:16:36 PM
2026-11-20	$65.00	8/17/2026, 11:16:36 PM
2026-12-18	$60.00	8/17/2026, 11:16:36 PM
2027-01-15	$55.00	8/17/2026, 11:16:36 PM
2027-02-19	$65.00	8/17/2026, 11:16:36 PM
2027-03-19	$65.00	8/17/2026, 11:16:36 PM
2027-06-17	$65.00	8/17/2026, 11:16:36 PM

Selected expiration: 2026-08-21 at max pain $65.00.

FCX pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
30	0	275719000	275719000
35	5000	220179000	220184000
39	45800	175803400	175849200
40	59800	164719700	164779500
41	79700	153727100	153806800
42	100100	142740400	142840500
43	123100	131765900	131889000
44	148800	121006300	121155100
45	179500	110287400	110466900
46	225800	101310700	101536500
47	278400	92518800	92797200
48	345800	83967800	84313600
49	447900	75847600	76295500
50	569400	68161200	68730600
51	735300	61835400	62570700
52	906400	55518200	56424600
53	1077500	49281000	50358500
54	1248600	43190500	44439100
55	1420100	37180200	38600300
56	1856400	32920600	34777000

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.