This page reflects FERG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — FERG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $230.00 (6.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$10.15
±4.5%
Days to Expiry
14
Calendar days
Total Call OI
1,263
Nearest expiry
Total Put OI
287
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$223.33
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$250.00
8/21/2026, 11:15:10 PM
2026-09-18
$230.00
9/18/2026, 11:13:38 PM
2026-10-16NextUpdated
$230.00
10/2/2026, 11:13:07 PM
2026-11-20
$240.00
10/2/2026, 11:13:07 PM
2026-12-18
$230.00
10/2/2026, 11:13:07 PM
2027-02-19
$220.00
10/2/2026, 11:13:07 PM
2027-05-21
$200.00
10/2/2026, 11:13:07 PM
Selected expiration: 2026-10-16 at max pain $230.00.
FERG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
1210000
1210000
170
1000
1072500
1073500
175
2000
940000
942000
180
3000
821500
824500
190
7000
604500
611500
195
9000
501000
510000
200
11000
400000
411000
210
15000
209000
224000
220
24000
100000
124000
230
73000
45000
118000
240
398000
18000
416000
250
866000
12000
878000
260
1676000
6000
1682000
270
2939000
0
2939000
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.