This page reflects FHN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — FHN
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (0.87 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
±$0.47
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
25,859
Nearest expiry
Total Put OI
5,130
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$24.87
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
$24.00
6/18/2026, 11:13:53 PM
2026-07-17
$25.00
7/17/2026, 11:14:31 PM
2026-08-21NextUpdated
$24.00
8/19/2026, 11:13:27 PM
2026-09-18
$25.00
8/19/2026, 11:13:27 PM
2026-11-20
$24.00
8/19/2026, 11:13:27 PM
2027-01-15
$22.00
8/19/2026, 11:13:27 PM
2027-02-19
$23.00
8/19/2026, 11:13:27 PM
Selected expiration: 2026-08-21 at max pain $24.00.
FHN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2985300
2985300
16
100
2473600
2473700
17
700
1963100
1963800
18
1500
1452700
1454200
19
2500
1200100
1202600
20
4000
947500
951500
21
7400
710100
717500
22
10800
483200
494000
23
19200
287700
306900
24
38700
123400
162100
25
240300
42300
282600
26
617000
500
617500
27
1331800
200
1332000
28
2232300
100
2232400
29
4667700
0
4667700
30
7215800
0
7215800
31
9794200
0
9794200
32
12374600
0
12374600
33
14955000
0
14955000
35
20115800
0
20115800
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.