Nearest listed expiration 2026-08-21 shows max pain at $31.50 (4.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.50
Nearest expiry
Expected Move
±$2.45
±6.9%
Days to Expiry
3
Calendar days
Total Call OI
52,898
Nearest expiry
Total Put OI
37,259
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$35.52
Published close
Consensus
5.0/10
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
$27.00
8/7/2026, 11:14:04 PM
2026-08-14
$29.00
8/14/2026, 11:13:57 PM
2026-08-21NextUpdated
$31.50
8/18/2026, 11:15:38 PM
2026-08-28
$31.00
8/18/2026, 11:15:38 PM
2026-09-04
$30.00
8/18/2026, 11:15:38 PM
2026-09-11
$30.00
8/18/2026, 11:15:38 PM
2026-09-18
$35.00
8/18/2026, 11:15:38 PM
2026-09-25
$28.00
8/18/2026, 11:15:38 PM
2026-10-02
$30.00
8/18/2026, 11:15:38 PM
2026-11-20
$30.00
8/18/2026, 11:15:38 PM
2027-01-15
$30.00
8/18/2026, 11:15:38 PM
2027-02-19
$27.50
8/18/2026, 11:15:38 PM
Selected expiration: 2026-08-21 at max pain $31.50.
FIGR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
52402150
52402150
17
0
44941150
44941150
17.5
0
43075950
43075950
19
4050
37517700
37521750
20
6750
33827700
33834450
21
19350
30170000
30189350
22
32150
26520300
26552450
22.5
38600
24697750
24736350
23
46200
23003550
23049750
24
61400
19618050
19679450
24.5
69450
17928250
17997700
25
77550
16240650
16318200
25.5
92300
14619550
14711850
26
107300
13005700
13113000
26.5
128900
11880800
12009700
27
154150
10756850
10911000
27.5
179550
9643550
9823100
28
358250
8652150
9010400
28.5
540100
7666900
8207000
29
725600
6689350
7414950
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.