This page reflects FND options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — FND
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (12.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$6.15
±13.1%
Days to Expiry
29
Calendar days
Total Call OI
2,076
Nearest expiry
Total Put OI
29,572
Nearest expiry
P/C OI Ratio
14.24
Put-heavy
Spot Price
$47.04
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$55.00
4/17/2026, 11:11:54 PM
2026-05-15
$50.00
5/15/2026, 11:16:02 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:13:10 PM
2026-07-17
$52.50
5/20/2026, 11:13:10 PM
2026-09-18
$55.00
5/20/2026, 11:13:10 PM
2026-10-16
$52.50
5/20/2026, 11:13:10 PM
2027-01-15
$55.00
5/20/2026, 11:13:10 PM
Selected expiration: 2026-06-18 at max pain $60.00.
FND pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
66836250
66836250
30
500
59443500
59444000
32.5
1000
52066250
52067250
35
1500
44695000
44696500
37.5
3000
37333750
37336750
40
4500
29995750
30000250
42.5
6000
22712250
22718250
45
7500
15500000
15507500
47.5
10000
8396250
8406250
50
41500
6612750
6654250
52.5
133750
4941250
5075000
55
265500
3292500
3558000
57.5
667000
1695500
2362500
60
1075500
119250
1194750
62.5
1494500
70000
1564500
65
1941250
21250
1962500
67.5
2395250
6250
2401500
70
2857500
4250
2861750
72.5
3330000
2250
3332250
75
3818750
1000
3819750
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.