This page reflects FHN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — FHN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $24.00 (1.68 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
±$1.40
±5.5%
Days to Expiry
15
Calendar days
Total Call OI
12,629
Nearest expiry
Total Put OI
398
Nearest expiry
P/C OI Ratio
0.03
Put-heavy
Spot Price
$25.68
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$22.00
5/15/2026, 11:15:08 PM
2026-06-18
$24.00
6/18/2026, 11:13:53 PM
2026-07-17NextUpdated
$24.00
7/3/2026, 11:12:58 PM
2026-08-21
$24.00
7/3/2026, 11:12:58 PM
2026-11-20
$25.00
7/3/2026, 11:12:58 PM
2027-01-15
$22.00
7/3/2026, 11:12:58 PM
Selected expiration: 2026-07-17 at max pain $24.00.
FHN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17
0
276100
276100
18
0
236300
236300
19
300
196500
196800
20
800
156700
157500
21
1700
116900
118600
22
2600
79500
82100
23
3500
50200
53700
24
5400
23700
29100
25
31900
8000
39900
26
99700
0
99700
27
1295000
0
1295000
28
2535400
0
2535400
29
3798100
0
3798100
31
6323900
0
6323900
32
7586800
0
7586800
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.