This page reflects FRHC 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 — FRHC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $140.00 (7.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$34.75
±23.6%
Days to Expiry
29
Calendar days
Total Call OI
430
Nearest expiry
Total Put OI
235
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$147.38
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
$130.00
4/17/2026, 11:12:18 PM
2026-05-15
$145.00
5/15/2026, 11:15:18 PM
2026-06-18NextUpdated
$140.00
5/20/2026, 11:13:10 PM
2026-07-17
$120.00
5/20/2026, 11:13:10 PM
2026-09-18
$145.00
5/20/2026, 11:13:10 PM
2026-12-18
$150.00
5/20/2026, 11:13:10 PM
Selected expiration: 2026-06-18 at max pain $140.00.
FRHC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1759000
1759000
60
0
1646500
1646500
70
0
1421500
1421500
75
0
1309000
1309000
80
0
1199500
1199500
85
0
1090000
1090000
90
0
980500
980500
95
0
871000
871000
100
500
761500
762000
105
1000
652000
653000
110
1500
542500
544000
115
2000
433000
435000
120
2500
327000
329500
125
7000
226500
233500
130
11500
146500
158000
135
16000
82000
98000
140
42000
51000
93000
145
96500
42500
139000
150
168500
36500
205000
155
297500
30500
328000
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.