This page reflects FDX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — FDX
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $370.00 (16.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$370.00
Nearest expiry
Expected Move
±$8.04
±2.1%
Days to Expiry
2
Calendar days
Total Call OI
1,579
Nearest expiry
Total Put OI
1,731
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$386.84
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
$370.00
5/8/2026, 11:12:34 PM
2026-05-15
$360.00
5/15/2026, 11:13:07 PM
2026-05-22NextUpdated
$370.00
5/20/2026, 11:14:05 PM
2026-05-29
$370.00
5/20/2026, 11:14:05 PM
2026-06-05
$370.00
5/20/2026, 11:14:05 PM
2026-06-12
$370.00
5/20/2026, 11:14:05 PM
2026-06-18
$360.00
5/20/2026, 11:14:05 PM
2026-06-26
$390.00
5/20/2026, 11:14:05 PM
2026-07-17
$360.00
5/20/2026, 11:14:05 PM
2026-09-18
$320.00
5/20/2026, 11:14:05 PM
2026-10-16
$370.00
5/20/2026, 11:14:05 PM
2026-12-18
$330.00
5/20/2026, 11:14:05 PM
2027-01-15
$280.00
5/20/2026, 11:14:05 PM
2027-03-19
$350.00
5/20/2026, 11:14:05 PM
Selected expiration: 2026-05-22 at max pain $370.00.
FDX pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
195
0
26291500
26291500
200
0
25427000
25427000
225
0
21177000
21177000
230
0
20328500
20328500
260
0
15237500
15237500
280
10000
11843500
11853500
285
15500
10997000
11012500
290
21000
10152000
10173000
295
26500
9307000
9333500
300
32500
8472500
8505000
305
46500
7640500
7687000
310
62000
6808500
6870500
315
79000
6000500
6079500
320
97500
5195000
5292500
325
123000
4530000
4653000
327.5
136250
4200250
4336500
330
149750
3870500
4020250
335
178250
3223500
3401750
337.5
192500
2920000
3112500
340
206750
2618250
2825000
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.