This page reflects FLUT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — FLUT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (15.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$7.05
±9.4%
Days to Expiry
14
Calendar days
Total Call OI
12,654
Nearest expiry
Total Put OI
5,484
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$74.81
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$100.00
8/21/2026, 11:15:27 PM
2026-09-18
$100.00
9/18/2026, 11:08:10 PM
2026-10-16NextUpdated
$90.00
10/2/2026, 11:13:08 PM
2026-11-20
$85.00
10/2/2026, 11:13:08 PM
2026-12-18
$110.00
10/2/2026, 11:13:08 PM
2027-01-15
$110.00
10/2/2026, 11:13:08 PM
2027-03-19
$90.00
10/2/2026, 11:13:08 PM
2027-06-17
$100.00
10/2/2026, 11:13:08 PM
Selected expiration: 2026-10-16 at max pain $90.00.
FLUT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
18189500
18189500
55
0
15401500
15401500
65
0
9835500
9835500
70
500
7065500
7066000
75
39500
5223500
5263000
80
588000
3492500
4080500
85
1251500
1934500
3186000
90
1982000
1169000
3151000
95
5560000
508500
6068500
100
9511500
60000
9571500
105
16186500
0
16186500
110
23108500
0
23108500
115
30075000
0
30075000
120
37298000
0
37298000
125
44529000
0
44529000
130
51767000
0
51767000
135
59006500
0
59006500
140
66251500
0
66251500
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.