This page reflects FND 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 — FND
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (1.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$2.33
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
2,883
Nearest expiry
Total Put OI
2,888
Nearest expiry
P/C OI Ratio
1.00
Put-heavy
Spot Price
$56.05
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
$50.00
6/18/2026, 11:17:02 PM
2026-07-17
$52.50
7/17/2026, 11:16:45 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:10:46 PM
2026-09-18
$60.00
8/18/2026, 11:10:46 PM
2026-10-16
$55.00
8/18/2026, 11:10:46 PM
2027-01-15
$60.00
8/18/2026, 11:10:46 PM
Selected expiration: 2026-08-21 at max pain $55.00.
FND pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5954500
5954500
35
0
4511000
4511000
37.5
0
3824250
3824250
40
0
3171000
3171000
45
0
1868500
1868500
47.5
0
1341750
1341750
50
250
843750
844000
52.5
750
419750
420500
55
27750
14250
42000
57.5
162000
4000
166000
60
325750
0
325750
62.5
761250
0
761250
65
1214500
0
1214500
67.5
1707000
0
1707000
70
2212500
0
2212500
75
3638000
0
3638000
80
5064000
0
5064000
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.