This page reflects FLUT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — FLUT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $115.00 (18.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$11.40
±11.8%
Days to Expiry
29
Calendar days
Total Call OI
11,075
Nearest expiry
Total Put OI
6,237
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$96.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$110.00
4/17/2026, 11:12:47 PM
2026-05-15
$105.00
5/15/2026, 11:15:33 PM
2026-06-18NextUpdated
$115.00
5/20/2026, 11:12:40 PM
2026-07-17
$90.00
5/20/2026, 11:12:40 PM
2026-09-18
$110.00
5/20/2026, 11:12:40 PM
2026-12-18
$120.00
5/20/2026, 11:12:40 PM
2027-01-15
$125.00
5/20/2026, 11:12:40 PM
Selected expiration: 2026-06-18 at max pain $115.00.
FLUT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
27268500
27268500
60
1000
24151500
24152500
65
2000
21044000
21046000
70
3000
17975000
17978000
75
5000
14912500
14917500
80
7000
12001000
12008000
85
13000
9331000
9344000
90
20000
6826500
6846500
95
38500
5508000
5546500
100
91500
4322500
4414000
105
310000
3250500
3560500
110
710500
2339000
3049500
115
1476000
1477000
2953000
120
3266000
676000
3942000
125
5642500
578500
6221000
130
8137000
491500
8628500
135
11003000
409000
11412000
140
14167500
342500
14510000
145
17458000
305000
17763000
150
20917000
270000
21187000
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.