This page reflects FLUT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — FLUT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $105.00 (12.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$3.85
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
14,156
Nearest expiry
Total Put OI
7,652
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$92.89
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
2026-06-18
$100.00
6/18/2026, 11:16:50 PM
2026-07-17
$105.00
7/17/2026, 11:15:42 PM
2026-08-21NextUpdated
$105.00
8/18/2026, 11:15:39 PM
2026-09-18
$100.00
8/18/2026, 11:15:39 PM
2026-12-18
$110.00
8/18/2026, 11:15:39 PM
2027-01-15
$110.00
8/18/2026, 11:15:39 PM
2027-03-19
$100.00
8/18/2026, 11:15:39 PM
2027-06-17
$100.00
8/18/2026, 11:15:39 PM
Selected expiration: 2026-08-21 at max pain $105.00.
FLUT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
31517500
31517500
65
18000
23885500
23903500
70
27000
20069500
20096500
75
36500
16256000
16292500
80
46000
12535000
12581000
85
62500
8929000
8991500
90
91500
5547000
5638500
95
141500
2756500
2898000
100
273000
968500
1241500
105
923000
216500
1139500
110
1888500
3500
1892000
115
3235000
2000
3237000
120
7646500
1000
7647500
125
12783500
0
12783500
130
18372500
0
18372500
135
24152500
0
24152500
140
29965500
0
29965500
145
35944000
0
35944000
150
42928500
0
42928500
155
49977000
0
49977000
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.