This page reflects FERG 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 — FERG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $250.00 (5.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$6.75
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
3,317
Nearest expiry
Total Put OI
2,689
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$244.47
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
2026-06-18
$230.00
6/18/2026, 11:12:34 PM
2026-07-17
$230.00
7/17/2026, 11:14:30 PM
2026-08-21NextUpdated
$250.00
8/18/2026, 11:14:54 PM
2026-09-18
$240.00
8/18/2026, 11:14:54 PM
2026-11-20
$250.00
8/18/2026, 11:14:54 PM
2026-12-18
$230.00
8/18/2026, 11:14:54 PM
2027-02-19
$230.00
8/18/2026, 11:14:54 PM
Selected expiration: 2026-08-21 at max pain $250.00.
FERG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
23473000
23473000
130
500
22128500
22129000
135
1500
20784500
20786000
140
2500
19441000
19443500
145
4000
18098000
18102000
150
5500
16755500
16761000
155
7000
15421000
15428000
160
8500
14087000
14095500
165
10000
12753500
12763500
170
11500
11421500
11433000
175
13000
10094500
10107500
180
14500
8768500
8783000
185
16000
7446000
7462000
190
17500
6238000
6255500
195
19000
5081500
5100500
200
20500
4443000
4463500
210
23500
3233000
3256500
220
27500
2114000
2141500
230
53500
1129000
1182500
240
132500
411000
543500
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.