This page reflects FHN 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 — FHN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $24.00 (0.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$1.65
±6.8%
Days to Expiry
29
Calendar days
Total Call OI
1,926
Nearest expiry
Total Put OI
932
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$24.23
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
2026-05-01
$24.50
5/1/2026, 11:13:02 PM
2026-05-15
$22.00
5/15/2026, 11:15:08 PM
2026-06-18NextUpdated
$24.00
5/20/2026, 11:11:42 PM
2026-07-17
$23.00
5/20/2026, 11:11:42 PM
2026-08-21
$24.00
5/20/2026, 11:11:42 PM
2026-11-20
$23.00
5/20/2026, 11:11:42 PM
2027-01-15
$22.00
5/20/2026, 11:11:42 PM
Selected expiration: 2026-06-18 at max pain $24.00.
FHN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
428900
428900
20
0
336700
336700
21
100
253000
253100
22
200
172200
172400
23
300
92800
93100
24
5000
26900
31900
25
64200
800
65000
26
169800
400
170200
27
340300
300
340600
28
525600
200
525800
30
910800
0
910800
31
1103400
0
1103400
32
1296000
0
1296000
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.