This page reflects FRPT 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 — FRPT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $47.50 (0.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$6.05
±12.5%
Days to Expiry
29
Calendar days
Total Call OI
2,274
Nearest expiry
Total Put OI
4,950
Nearest expiry
P/C OI Ratio
2.18
Put-heavy
Spot Price
$48.35
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
$57.50
4/17/2026, 11:16:01 PM
2026-05-15
$55.00
5/15/2026, 11:13:41 PM
2026-06-18NextUpdated
$47.50
5/20/2026, 11:13:39 PM
2026-07-17
$42.50
5/20/2026, 11:13:39 PM
2026-08-21
$65.00
5/20/2026, 11:13:39 PM
2026-09-18
$60.00
5/20/2026, 11:13:39 PM
2026-11-20
$70.00
5/20/2026, 11:13:39 PM
2026-12-18
$60.00
5/20/2026, 11:13:39 PM
2027-01-15
$65.00
5/20/2026, 11:13:39 PM
Selected expiration: 2026-06-18 at max pain $47.50.
FRPT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
3032750
3032750
37.5
0
1795750
1795750
40
0
560750
560750
42.5
0
357250
357250
45
0
222500
222500
47.5
0
111750
111750
50
365250
33000
398250
52.5
744250
21500
765750
55
1123250
14000
1137250
57.5
1572750
8250
1581000
60
2060250
4000
2064250
62.5
2548000
2250
2550250
65
3036000
750
3036750
67.5
3534750
250
3535000
70
4034750
0
4034750
72.5
4537000
0
4537000
75
5064000
0
5064000
77.5
5630000
0
5630000
80
6196250
0
6196250
85
7330250
0
7330250
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.