Nearest listed expiration 2026-10-09 shows max pain at $34.00 (5.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$1.40
±4.9%
Days to Expiry
7
Calendar days
Total Call OI
1,833
Nearest expiry
Total Put OI
10,314
Nearest expiry
P/C OI Ratio
5.63
Put-heavy
Spot Price
$28.53
Published close
Consensus
5.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$34.50
9/25/2026, 11:11:31 PM
2026-10-02Updated
$31.00
10/2/2026, 11:10:55 PM
2026-10-09Next
$34.00
10/2/2026, 11:10:55 PM
2026-10-16
$35.00
10/2/2026, 11:10:55 PM
2026-10-23
$36.00
10/2/2026, 11:10:55 PM
2026-10-30
$35.00
10/2/2026, 11:10:55 PM
2026-11-06
$34.00
10/2/2026, 11:10:55 PM
2026-11-20
$32.50
10/2/2026, 11:10:55 PM
2027-01-15
$30.00
10/2/2026, 11:10:55 PM
2027-02-19
$35.00
10/2/2026, 11:10:55 PM
2027-05-21
$35.00
10/2/2026, 11:10:55 PM
Selected expiration: 2026-10-09 at max pain $34.00.
FIGR pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
22
0
7608600
7608600
23
0
5995100
5995100
24
0
4381700
4381700
24.5
50
3578150
3578200
25
150
2775550
2775700
25.5
500
2387900
2388400
26
850
2002300
2003150
26.5
1200
1622550
1623750
27
1550
1245250
1246800
27.5
2000
870750
872750
28
2550
628700
631250
28.5
5250
403300
408550
29
8500
318100
326600
29.5
73400
235200
308600
30
138900
153400
292300
30.5
628000
130250
758250
31
1178950
109150
1288100
31.5
1753200
89800
1843000
32
2330350
71600
2401950
32.5
2922450
57500
2979950
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.