This page reflects FNV 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 — FNV
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $220.00 (12.96 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$8.10
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
2,267
Nearest expiry
Total Put OI
2,753
Nearest expiry
P/C OI Ratio
1.21
Put-heavy
Spot Price
$232.96
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
$230.00
6/18/2026, 11:13:45 PM
2026-07-17
$210.00
7/17/2026, 11:17:03 PM
2026-08-21NextUpdated
$220.00
8/18/2026, 11:14:00 PM
2026-09-18
$230.00
8/18/2026, 11:14:00 PM
2026-10-16
$220.00
8/18/2026, 11:14:00 PM
2027-01-15
$200.00
8/18/2026, 11:14:00 PM
Selected expiration: 2026-08-21 at max pain $220.00.
FNV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
21766500
21766500
130
1000
19021500
19022500
140
3000
16276500
16279500
145
5500
14904000
14909500
150
8500
13531500
13540000
155
11500
12161000
12172500
160
14500
10804500
10819000
165
17500
9461000
9478500
170
21500
8158000
8179500
175
26500
6876000
6902500
180
42000
5712000
5754000
185
58500
4719000
4777500
190
75000
3776000
3851000
195
96500
2989000
3085500
200
131000
2331000
2462000
210
388000
1226000
1614000
220
811000
652000
1463000
230
1460000
239000
1699000
240
2708000
2000
2710000
250
4426000
0
4426000
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.