This page reflects FFIV 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 — FFIV
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $400.00 (54.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$26.10
±5.8%
Days to Expiry
14
Calendar days
Total Call OI
2,205
Nearest expiry
Total Put OI
1,395
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$454.04
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
$370.00
8/21/2026, 11:12:38 PM
2026-09-18
$400.00
9/18/2026, 11:14:03 PM
2026-10-16NextUpdated
$400.00
10/2/2026, 11:12:52 PM
2026-11-20
$470.00
10/2/2026, 11:12:52 PM
2026-12-18
$310.00
10/2/2026, 11:12:52 PM
2027-01-15
$420.00
10/2/2026, 11:12:52 PM
2027-02-19
$450.00
10/2/2026, 11:12:52 PM
2027-04-16
$430.00
10/2/2026, 11:12:52 PM
2027-05-21
$430.00
10/2/2026, 11:12:52 PM
2027-08-20
$230.00
10/2/2026, 11:12:52 PM
Selected expiration: 2026-10-16 at max pain $400.00.
FFIV pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
33060000
33060000
140
1000
32355000
32356000
145
3500
31650500
31654000
150
7000
30946000
30953000
155
11000
30243000
30254000
160
16000
29541500
29557500
165
21500
28843000
28864500
170
28000
28148000
28176000
175
36000
27453000
27489000
180
45000
26758000
26803000
185
54500
26063000
26117500
190
65000
25369500
25434500
195
75500
24677000
24752500
200
86000
23985000
24071000
210
108000
22635000
22743000
220
130000
21285000
21415000
230
157000
19935000
20092000
240
186000
18585000
18771000
250
231000
17235000
17466000
260
290000
15895000
16185000
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.