This page reflects FLY 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 — FLY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (6.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.00
±7.7%
Days to Expiry
3
Calendar days
Total Call OI
40,550
Nearest expiry
Total Put OI
10,795
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$26.14
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
2026-08-07
$18.00
8/7/2026, 11:13:13 PM
2026-08-14
$21.00
8/14/2026, 11:14:19 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:16:46 PM
2026-08-28
$26.00
8/18/2026, 11:16:46 PM
2026-09-04
$23.00
8/18/2026, 11:16:46 PM
2026-09-11
$26.00
8/18/2026, 11:16:46 PM
2026-09-18
$28.00
8/18/2026, 11:16:46 PM
2026-09-25
$25.00
8/18/2026, 11:16:46 PM
2026-10-02
$27.00
8/18/2026, 11:16:46 PM
2026-11-20
$25.00
8/18/2026, 11:16:46 PM
2027-01-15
$20.00
8/18/2026, 11:16:46 PM
2027-02-19
$15.00
8/18/2026, 11:16:46 PM
Selected expiration: 2026-08-21 at max pain $20.00.
FLY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
18426050
18426050
7.5
1250
15729300
15730550
10
4250
13036550
13040800
11
6450
11994550
12001000
12
8850
10957450
10966300
12.5
10500
10440000
10450500
13
12350
9934500
9946850
14
16050
8923600
8939650
15
19850
7915100
7934950
15.5
233150
7465400
7698550
16
446450
7018450
7464900
16.5
659750
6579900
7239650
17
873050
6142000
7015050
17.5
1086350
5729500
6815850
18
1301800
5353200
6655000
18.5
1517600
4982850
6500450
19
1733550
4613750
6347300
19.5
1949950
4250150
6200100
20
2166500
3887150
6053650
20.5
2446350
3637150
6083500
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.