thetaOwl

FLY

Firefly Aerospace Inc.Close $28.90EOD only
Max Pain
$29.00
Next expiry Jul 10, 2026
Expected Move
±$3.83
13.2% from close
Price Gap
+0.10
Distance to max pain
IV Rank
21
Low premium
P/C OI
0.40
Slightly call-heavy
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects FLY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jul 2, 2026 close
Max Pain — FLY
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-10 shows max pain at $29.00 (0.10 above 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
±$3.83
±13.2%
Days to Expiry
8
Calendar days
Total Call OI
4,281
Nearest expiry
Total Put OI
1,315
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$28.90
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-10
ExpirationMax Pain StrikeLast Updated
2026-06-26$26.006/26/2026, 11:13:37 PM
2026-07-02$26.507/2/2026, 11:15:01 PM
2026-07-10NextUpdated$29.007/3/2026, 11:12:38 PM
2026-07-17$31.507/3/2026, 11:12:38 PM
2026-07-24$32.007/3/2026, 11:12:38 PM
2026-07-31$29.007/3/2026, 11:12:38 PM
2026-08-07$26.007/3/2026, 11:12:38 PM
2026-08-21$25.007/3/2026, 11:12:38 PM
2026-09-18$32.007/3/2026, 11:12:38 PM
2026-11-20$34.007/3/2026, 11:12:38 PM
2027-01-15$30.007/3/2026, 11:12:38 PM
2027-02-19$22.007/3/2026, 11:12:38 PM
Selected expiration: 2026-07-10 at max pain $29.00.
FLY pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
15016798001679800
16015483001548300
17.5013510501351050
18012853001285300
19011541001154100
19.5010887001088700
20010233001023300
21100895300895400
21.51400832600834000
222700775650778350
22.54000724950728950
235300674450679750
249900578950588850
24.512700533000545700
2515550487950503500
25.519950447250467200
2624450408200432650
26.532050372550404600
2740250337200377450
27.549550306950356500
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.