This page reflects FDX 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 — FDX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $320.00 (8.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$7.36
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
6,837
Nearest expiry
Total Put OI
7,075
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$328.38
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
$310.00
8/7/2026, 11:14:38 PM
2026-08-14
$320.00
8/14/2026, 11:16:53 PM
2026-08-21NextUpdated
$320.00
8/18/2026, 11:13:43 PM
2026-08-28
$327.50
8/18/2026, 11:13:43 PM
2026-09-04
$315.00
8/18/2026, 11:13:43 PM
2026-09-11
$320.00
8/18/2026, 11:13:43 PM
2026-09-18
$320.00
8/18/2026, 11:13:43 PM
2026-09-25
$335.00
8/18/2026, 11:13:43 PM
2026-10-02
$325.00
8/18/2026, 11:13:43 PM
2026-10-16
$320.00
8/18/2026, 11:13:43 PM
2026-12-18
$330.00
8/18/2026, 11:13:43 PM
2027-01-15
$240.00
8/18/2026, 11:13:43 PM
2027-03-19
$320.00
8/18/2026, 11:13:43 PM
2027-06-17
$320.00
8/18/2026, 11:13:43 PM
Selected expiration: 2026-08-21 at max pain $320.00.
FDX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
59646750
59646750
210
5000
53064750
53069750
220
10000
46830750
46840750
230
15000
40789750
40804750
240
20000
35106750
35126750
245
22500
32277750
32300250
250
25000
29449250
29474250
255
27500
26701750
26729250
260
30000
23954750
23984750
265
33000
21347250
21380250
270
44500
18744750
18789250
275
57000
16305250
16362250
280
72000
13871750
13943750
285
87500
11607250
11694750
290
103500
9353250
9456750
292.5
112500
8320000
8432500
295
125000
7295250
7420250
297.5
140500
6291750
6432250
300
158000
5563000
5721000
302.5
180750
4898750
5079500
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.