This page reflects FFIV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — FFIV
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $360.00 (22.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$18.00
±4.7%
Days to Expiry
29
Calendar days
Total Call OI
719
Nearest expiry
Total Put OI
2,704
Nearest expiry
P/C OI Ratio
3.76
Put-heavy
Spot Price
$382.42
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$270.00
4/17/2026, 11:13:15 PM
2026-05-15
$310.00
5/15/2026, 11:14:25 PM
2026-06-18NextUpdated
$360.00
5/20/2026, 11:11:33 PM
2026-07-17
$280.00
5/20/2026, 11:11:33 PM
2026-08-21
$290.00
5/20/2026, 11:11:33 PM
2026-10-16
$280.00
5/20/2026, 11:11:33 PM
2026-11-20
$300.00
5/20/2026, 11:11:33 PM
2026-12-18
$290.00
5/20/2026, 11:11:33 PM
2027-01-15
$290.00
5/20/2026, 11:11:33 PM
Selected expiration: 2026-06-18 at max pain $360.00.
FFIV pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
37182000
37182000
195
0
35830000
35830000
210
1500
31774000
31775500
220
4500
29070000
29074500
240
10500
23664000
23674500
250
13500
20983000
20996500
260
17500
18302000
18319500
270
21500
15623000
15644500
280
26500
12945000
12971500
290
37500
10273000
10310500
300
54500
8445000
8499500
310
82500
6624000
6706500
320
120500
4814000
4934500
330
178500
3057000
3235500
340
246500
1752000
1998500
350
332500
880000
1212500
360
482500
23000
505500
370
741500
0
741500
380
1183500
0
1183500
390
1652500
0
1652500
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.