This page reflects FNV 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 — FNV
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $240.00 (0.70 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$13.50
±5.6%
Days to Expiry
14
Calendar days
Total Call OI
4,209
Nearest expiry
Total Put OI
3,163
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$239.30
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
$220.00
8/21/2026, 11:13:57 PM
2026-09-18
$250.00
9/18/2026, 11:14:24 PM
2026-10-16NextUpdated
$240.00
10/2/2026, 11:13:49 PM
2026-11-20
$250.00
10/2/2026, 11:13:49 PM
2026-12-18
$250.00
10/2/2026, 11:13:49 PM
2027-01-15
$220.00
10/2/2026, 11:13:49 PM
2027-04-16
$230.00
10/2/2026, 11:13:49 PM
Selected expiration: 2026-10-16 at max pain $240.00.
FNV pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
30807000
30807000
130
1500
29226500
29228000
135
3500
27646000
27649500
140
6500
26065500
26072000
145
9500
24489500
24499000
150
12500
22918000
22930500
155
20500
21353500
21374000
160
28500
19789000
19817500
165
36500
18224500
18261000
170
49500
16678500
16728000
175
63500
15141500
15205000
180
78000
13618000
13696000
185
94000
12195000
12289000
190
119000
10777000
10896000
195
149500
9371500
9521000
200
183500
8147000
8330500
210
285500
5953000
6238500
220
439500
4127000
4566500
230
714500
2682000
3396500
240
1233500
1492000
2725500
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.