Nearest listed expiration 2026-07-10 shows max pain at $29.00 (4.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$29.00
Nearest expiry
Expected Move
±$3.02
±8.9%
Days to Expiry
8
Calendar days
Total Call OI
3,993
Nearest expiry
Total Put OI
665
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$33.91
Published close
Consensus
5.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$28.00
6/26/2026, 11:13:59 PM
2026-07-02
$28.00
7/2/2026, 11:13:57 PM
2026-07-10NextUpdated
$29.00
7/3/2026, 11:11:21 PM
2026-07-17
$30.00
7/3/2026, 11:11:21 PM
2026-07-24
$30.00
7/3/2026, 11:11:21 PM
2026-07-31
$29.00
7/3/2026, 11:11:21 PM
2026-08-07
$24.00
7/3/2026, 11:11:21 PM
2026-08-21
$30.00
7/3/2026, 11:11:21 PM
2026-11-20
$30.00
7/3/2026, 11:11:21 PM
2027-01-15
$30.00
7/3/2026, 11:11:21 PM
2027-02-19
$30.00
7/3/2026, 11:11:21 PM
Selected expiration: 2026-07-10 at max pain $29.00.
FIGR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
540050
540050
20
0
473650
473650
21
0
412350
412350
21.5
0
381850
381850
22
0
351400
351400
22.5
0
321050
321050
23
0
293450
293450
23.5
0
266500
266500
24
0
239600
239600
24.5
0
213550
213550
25
0
187700
187700
25.5
50
164500
164550
26
100
141800
141900
26.5
150
120500
120650
27
200
100400
100600
27.5
1250
87000
88250
28
2300
74600
76900
28.5
3900
64050
67950
29
5750
53750
59500
29.5
29550
45100
74650
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.