This page reflects FFIV 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 — FFIV
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $400.00 (6.38 above 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
±$12.47
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
3,361
Nearest expiry
Total Put OI
3,294
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$393.62
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
$380.00
6/18/2026, 11:13:20 PM
2026-07-17
$400.00
7/17/2026, 11:15:32 PM
2026-08-21NextUpdated
$400.00
8/18/2026, 11:13:28 PM
2026-09-18
$400.00
8/18/2026, 11:13:28 PM
2026-10-16
$360.00
8/18/2026, 11:13:28 PM
2026-11-20
$470.00
8/18/2026, 11:13:28 PM
2026-12-18
$310.00
8/18/2026, 11:13:28 PM
2027-01-15
$400.00
8/18/2026, 11:13:28 PM
2027-02-19
$420.00
8/18/2026, 11:13:28 PM
2027-05-21
$190.00
8/18/2026, 11:13:28 PM
Selected expiration: 2026-08-21 at max pain $400.00.
FFIV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
68028500
68028500
150
500
66381500
66382000
155
1500
64735500
64737000
160
2500
63090500
63093000
165
5000
61446500
61451500
170
7500
59803000
59810500
175
10000
58159500
58169500
180
13500
56516000
56529500
185
20000
54872500
54892500
190
29500
53229000
53258500
200
50500
49942000
49992500
210
71500
46655000
46726500
220
93500
43368000
43461500
230
116500
40082000
40198500
240
139500
36796000
36935500
250
163500
33519000
33682500
260
194500
30263000
30457500
270
228500
27024000
27252500
280
264500
23828000
24092500
290
302500
20696000
20998500
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.