This page reflects FICO 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 — FICO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $1100.00 (21.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1100.00
Nearest expiry
Expected Move
±$44.10
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
6,937
Nearest expiry
Total Put OI
4,293
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$1078.12
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
$1160.00
6/18/2026, 11:14:19 PM
2026-07-17
$1160.00
7/17/2026, 11:14:43 PM
2026-08-21NextUpdated
$1100.00
8/18/2026, 11:16:26 PM
2026-09-18
$1140.00
8/18/2026, 11:16:26 PM
2026-10-16
$1180.00
8/18/2026, 11:16:26 PM
2026-11-20
$1100.00
8/18/2026, 11:16:26 PM
2026-12-18
$1200.00
8/18/2026, 11:16:26 PM
2027-01-15
$1220.00
8/18/2026, 11:16:26 PM
2027-03-19
$1060.00
8/18/2026, 11:16:26 PM
2027-06-17
$1400.00
8/18/2026, 11:16:26 PM
Selected expiration: 2026-08-21 at max pain $1100.00.
FICO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
460
0
204625000
204625000
470
1000
200497000
200498000
480
2000
196439000
196441000
490
3000
192435000
192438000
500
4000
188452000
188456000
510
5000
184521000
184526000
520
6000
180617000
180623000
530
7000
176734000
176741000
540
8000
172888000
172896000
550
9000
169074000
169083000
560
10000
165262000
165272000
570
11000
161460000
161471000
580
12000
157676000
157688000
600
14000
150240000
150254000
620
16000
142956000
142972000
640
18000
135716000
135734000
660
20000
128508000
128528000
680
24000
121642000
121666000
690
27000
118262000
118289000
700
31000
114900000
114931000
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.