This page reflects FND 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 — FND
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (4.51 above 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
±$3.80
±8.3%
Days to Expiry
14
Calendar days
Total Call OI
1,097
Nearest expiry
Total Put OI
27,933
Nearest expiry
P/C OI Ratio
25.46
Put-heavy
Spot Price
$45.49
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$55.00
8/21/2026, 11:15:33 PM
2026-09-18
$55.00
9/18/2026, 11:13:41 PM
2026-10-16NextUpdated
$50.00
10/2/2026, 11:12:08 PM
2026-11-20
$50.00
10/2/2026, 11:12:08 PM
2027-01-15
$55.00
10/2/2026, 11:12:08 PM
2027-04-16
$55.00
10/2/2026, 11:12:08 PM
Selected expiration: 2026-10-16 at max pain $50.00.
FND pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
34601500
34601500
35
0
20841000
20841000
37.5
0
13964500
13964500
40
0
7110500
7110500
42.5
500
281750
282250
45
1500
167750
169250
47.5
3250
96750
100000
50
29000
36000
65000
52.5
123500
12500
136000
55
254000
4500
258500
57.5
405000
2750
407750
60
565750
2250
568000
62.5
740250
1750
742000
65
919000
1250
920250
67.5
1099750
750
1100500
70
1282500
500
1283000
72.5
1533000
250
1533250
75
1783750
0
1783750
77.5
2040500
0
2040500
80
2308500
0
2308500
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.