This page reflects FFIV 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 — FFIV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $410.00 (1.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$410.00
Nearest expiry
Expected Move
±$25.15
±6.2%
Days to Expiry
15
Calendar days
Total Call OI
1,223
Nearest expiry
Total Put OI
2,187
Nearest expiry
P/C OI Ratio
1.79
Put-heavy
Spot Price
$408.14
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
$310.00
5/15/2026, 11:14:25 PM
2026-06-18
$380.00
6/18/2026, 11:13:20 PM
2026-07-17NextUpdated
$410.00
7/3/2026, 11:13:16 PM
2026-08-21
$370.00
7/3/2026, 11:13:16 PM
2026-10-16
$320.00
7/3/2026, 11:13:16 PM
2026-11-20
$400.00
7/3/2026, 11:13:16 PM
2026-12-18
$300.00
7/3/2026, 11:13:16 PM
2027-01-15
$420.00
7/3/2026, 11:13:16 PM
2027-02-19
$240.00
7/3/2026, 11:13:16 PM
2027-05-21
$270.00
7/3/2026, 11:13:16 PM
Selected expiration: 2026-07-17 at max pain $410.00.
FFIV pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
43941000
43941000
140
500
42848000
42848500
145
1500
41757000
41758500
150
2500
40668000
40670500
155
3500
39581000
39584500
160
5000
38494000
38499000
165
6500
37408000
37414500
170
9000
36325000
36334000
175
12000
35242000
35254000
180
15500
34159000
34174500
185
19500
33076500
33096000
190
25000
31994000
32019000
195
31000
30911500
30942500
200
38000
29875000
29913000
210
54000
27830000
27884000
220
71000
25835000
25906000
230
96000
23878000
23974000
240
140000
21930000
22070000
250
187000
19997000
20184000
260
261000
18322000
18583000
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.