This page reflects FLY 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 — FLY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $23.00 (0.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$2.25
±9.7%
Days to Expiry
7
Calendar days
Total Call OI
2,347
Nearest expiry
Total Put OI
1,226
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$23.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$21.00
9/25/2026, 11:12:33 PM
2026-10-02Updated
$23.00
10/2/2026, 11:14:21 PM
2026-10-09Next
$23.00
10/2/2026, 11:14:21 PM
2026-10-16
$20.00
10/2/2026, 11:14:21 PM
2026-10-23
$24.00
10/2/2026, 11:14:21 PM
2026-10-30
$24.00
10/2/2026, 11:14:21 PM
2026-11-06
$23.00
10/2/2026, 11:14:21 PM
2026-11-20
$25.00
10/2/2026, 11:14:21 PM
2027-01-15
$20.00
10/2/2026, 11:14:21 PM
2027-02-19
$15.00
10/2/2026, 11:14:21 PM
2027-05-21
$24.00
10/2/2026, 11:14:21 PM
Selected expiration: 2026-10-09 at max pain $23.00.
FLY pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
821450
821450
15
0
698950
698950
16
300
576850
577150
17
600
454850
455450
17.5
750
395600
396350
18
900
336400
337300
19
1200
252800
254000
19.5
1850
216050
217900
20
2500
182800
185300
20.5
3900
153000
156900
21
5300
124550
129850
21.5
9250
104450
113700
22
13200
84750
97950
22.5
20200
67900
88100
23
28800
54450
83250
23.5
41450
43700
85150
24
57000
33050
90050
24.5
86850
23300
110150
25
118900
13600
132500
25.5
168550
10550
179100
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.