This page reflects FND 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 — FND
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (9.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$5.33
±9.0%
Days to Expiry
15
Calendar days
Total Call OI
8,884
Nearest expiry
Total Put OI
2,486
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$59.04
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$50.00
5/15/2026, 11:16:02 PM
2026-06-18
$50.00
6/18/2026, 11:17:02 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:12:23 PM
2026-08-21
$55.00
7/3/2026, 11:12:23 PM
2026-09-18
$60.00
7/3/2026, 11:12:23 PM
2026-10-16
$52.50
7/3/2026, 11:12:23 PM
2027-01-15
$60.00
7/3/2026, 11:12:23 PM
Selected expiration: 2026-07-17 at max pain $50.00.
FND pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
5535000
5535000
30
0
4293000
4293000
32.5
0
3672250
3672250
35
0
3065250
3065250
37.5
0
2459500
2459500
40
0
1898750
1898750
42.5
500
1359500
1360000
45
4750
922000
926750
47.5
26250
562250
588500
50
56000
319000
375000
52.5
183500
194500
378000
55
334750
77750
412500
57.5
543250
51000
594250
60
1304750
30500
1335250
62.5
2880000
18500
2898500
65
4509000
9250
4518250
67.5
6161750
5750
6167500
70
7833000
3000
7836000
72.5
10036000
2500
10038500
75
12239750
2000
12241750
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.