This page reflects FHN 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 — FHN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (1.82 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
±$0.50
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
25,867
Nearest expiry
Total Put OI
5,139
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$25.82
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
8/18/2026, 11:12:21 PM
2026-09-18
$25.00
8/18/2026, 11:12:21 PM
2026-11-20
$24.00
8/18/2026, 11:12:21 PM
2027-01-15
$22.00
8/18/2026, 11:12:21 PM
2027-02-19
$23.00
8/18/2026, 11:12:21 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
2996100
2996100
16
100
2483500
2483600
17
700
1972100
1972800
18
1500
1460800
1462300
19
2500
1207300
1209800
20
4000
953800
957800
21
7400
715500
722900
22
10800
487700
498500
23
19200
291300
310500
24
38700
126100
164800
25
240700
44100
284800
26
617900
1400
619300
27
1333300
200
1333500
28
2234600
100
2234700
29
4670800
0
4670800
30
7219700
0
7219700
31
9798900
0
9798900
32
12380100
0
12380100
33
14961300
0
14961300
35
20123700
0
20123700
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.