What is FCX max pain this week?

FCX max pain for the nearest expiration (2026-05-22) is $62.00. Total call open interest: 25,048. Total put open interest: 14,660.

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 $58.70EOD only

Max Pain

$62.00

Next expiry May 22, 2026

Expected Move

±$2.64

4.5% from close

Price Gap

+3.30

Distance to max pain

IV Rank

Low premium

P/C OI

0.98

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: May 19, 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

May 19, 2026 close

Max Pain — FCX

Data as of market close May 19, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $62.00 (3.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$62.00

Nearest expiry

Expected Move

±$2.64

±4.5%

Days to Expiry

Calendar days

Total Call OI

25,048

Nearest expiry

Total Put OI

14,660

Nearest expiry

P/C OI Ratio

0.59

Put-heavy

Spot Price

$58.70

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	$60.00	5/8/2026, 11:12:39 PM
2026-05-15	$59.00	5/15/2026, 11:15:14 PM
2026-05-22NextUpdated	$62.00	5/19/2026, 11:14:38 PM
2026-05-29	$63.00	5/19/2026, 11:14:38 PM
2026-06-05	$62.00	5/19/2026, 11:14:38 PM
2026-06-12	$63.00	5/19/2026, 11:14:38 PM
2026-06-18	$55.00	5/19/2026, 11:14:38 PM
2026-06-26	$62.00	5/19/2026, 11:14:38 PM
2026-07-17	$60.00	5/19/2026, 11:14:38 PM
2026-08-21	$60.00	5/19/2026, 11:14:38 PM
2026-09-18	$50.00	5/19/2026, 11:14:38 PM
2026-11-20	$60.00	5/19/2026, 11:14:38 PM
2026-12-18	$60.00	5/19/2026, 11:14:38 PM
2027-01-15	$50.00	5/19/2026, 11:14:38 PM
2027-03-19	$65.00	5/19/2026, 11:14:38 PM

Selected expiration: 2026-05-22 at max pain $62.00.

FCX pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
35	0	36386300	36386300
40	0	29092300	29092300
44	8400	23257100	23265500
45	10500	21798600	21809100
46	12700	20343500	20356200
47	15100	18888500	18903600
48	17800	17434700	17452500
49	20500	15982700	16003200
50	23500	14540700	14564200
51	27100	13114300	13141400
52	32000	11693900	11725900
53	37900	10341800	10379700
54	44600	9042700	9087300
55	56100	7768700	7824800
56	82700	6565700	6648400
57	114400	5445300	5559700
58	157300	4406100	4563400
59	222900	3505400	3728300
60	308600	2677000	2985600
61	776800	2058500	2835300

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.