This page reflects FERG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — FERG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $230.00 (0.24 below 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
±$11.65
±5.1%
Days to Expiry
15
Calendar days
Total Call OI
361
Nearest expiry
Total Put OI
239
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$230.24
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$240.00
5/15/2026, 11:14:40 PM
2026-06-18
$230.00
6/18/2026, 11:12:34 PM
2026-07-17NextUpdated
$230.00
7/3/2026, 11:11:27 PM
2026-08-21
$240.00
7/3/2026, 11:11:27 PM
2026-11-20
$220.00
7/3/2026, 11:11:27 PM
2026-12-18
$230.00
7/3/2026, 11:11:27 PM
2027-02-19
$175.00
7/3/2026, 11:11:27 PM
Selected expiration: 2026-07-17 at max pain $230.00.
FERG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
913000
913000
190
500
794000
794500
195
1500
677500
679000
200
2500
562000
564500
210
4500
342000
346500
220
6500
137000
143500
230
18500
28000
46500
240
133500
0
133500
250
263500
0
263500
260
581500
0
581500
270
926500
0
926500
280
1285500
0
1285500
290
1645500
0
1645500
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.