This page reflects FIG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — FIG
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.00 (2.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$1.59
±6.4%
Days to Expiry
4
Calendar days
Total Call OI
60,484
Nearest expiry
Total Put OI
25,959
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$24.99
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
2026-08-07
$24.00
8/7/2026, 11:15:53 PM
2026-08-14
$24.00
8/14/2026, 11:12:52 PM
2026-08-21NextUpdated
$22.00
8/17/2026, 11:16:04 PM
2026-08-28
$23.50
8/17/2026, 11:16:04 PM
2026-09-04
$25.00
8/17/2026, 11:16:04 PM
2026-09-11
$23.50
8/17/2026, 11:16:04 PM
2026-09-18
$22.50
8/17/2026, 11:16:04 PM
2026-09-25
$24.00
8/17/2026, 11:16:04 PM
2026-10-02
$23.00
8/17/2026, 11:16:04 PM
2026-10-16
$22.50
8/17/2026, 11:16:04 PM
2027-01-15
$25.00
8/17/2026, 11:16:04 PM
Selected expiration: 2026-08-21 at max pain $22.00.
FIG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
46338250
46338250
5
12250
39782000
39794250
7.5
27000
33228250
33255250
10
42250
26674500
26716750
12
58450
21454700
21513150
12.5
62700
20149750
20212450
13
73700
18877050
18950750
14
95800
16333050
16428850
15
118000
13791150
13909150
15.5
225400
12748100
12973500
16
332900
11705650
12038550
16.5
440550
10667000
11107550
17
548200
9629050
10177250
17.5
656000
8596100
9252100
18
805800
7694300
8500100
18.5
955800
6800500
7756300
19
1105800
5907900
7013700
19.5
1258800
5023050
6281850
20
1412050
4143300
5555350
20.5
1763050
3648100
5411150
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.