This page reflects FRMI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — FRMI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $8.00 (0.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$1.25
±15.5%
Days to Expiry
8
Calendar days
Total Call OI
4,574
Nearest expiry
Total Put OI
3,001
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$8.06
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$8.50
6/26/2026, 11:14:08 PM
2026-07-02
$10.00
7/2/2026, 11:13:14 PM
2026-07-10NextUpdated
$8.00
7/3/2026, 11:12:34 PM
2026-07-17
$7.00
7/3/2026, 11:12:34 PM
2026-07-24
$8.00
7/3/2026, 11:12:34 PM
2026-07-31
$7.50
7/3/2026, 11:12:34 PM
2026-08-07
$9.00
7/3/2026, 11:12:34 PM
2026-08-21
$6.00
7/3/2026, 11:12:34 PM
2026-11-20
$6.00
7/3/2026, 11:12:34 PM
2026-12-18
$7.50
7/3/2026, 11:12:34 PM
2027-01-15
$6.00
7/3/2026, 11:12:34 PM
2027-02-19
$10.00
7/3/2026, 11:12:34 PM
Selected expiration: 2026-07-10 at max pain $8.00.
FRMI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1991100
1991100
1.5
450
1841200
1841650
2
1100
1691300
1692400
2.5
1950
1541400
1543350
3
3050
1391500
1394550
3.5
4200
1241600
1245800
4
5450
1091750
1097200
4.5
6800
941900
948700
5
8250
795450
803700
5.5
9800
658600
668400
6
11550
525650
537200
6.5
15800
398900
414700
7
22450
276550
299000
7.5
36500
166300
202800
8
74750
100000
174750
8.5
130450
51750
182200
9
189800
24550
214350
9.5
270250
14200
284450
10
364000
5000
369000
10.5
504600
2800
507400
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.