This page reflects FNB 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 — FNB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (4.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.62
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
525
Nearest expiry
Total Put OI
336
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$19.22
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
$17.50
6/18/2026, 11:14:00 PM
2026-07-17
$17.50
7/17/2026, 11:16:49 PM
2026-08-21NextUpdated
$15.00
8/18/2026, 11:11:39 PM
2026-09-18
$17.50
8/18/2026, 11:11:39 PM
2026-11-20
$15.00
8/18/2026, 11:11:39 PM
2027-02-19
$15.00
8/18/2026, 11:11:39 PM
Selected expiration: 2026-08-21 at max pain $15.00.
FNB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
465000
465000
5
7000
381000
388000
7.5
15000
297250
312250
12.5
31000
129750
160750
15
39500
46000
85500
17.5
85500
21500
107000
20
151000
0
151000
22.5
264750
0
264750
25
393500
0
393500
30
656000
0
656000
35
918500
0
918500
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.