This page reflects FRSH 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 — FRSH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (2.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.57
±4.5%
Days to Expiry
3
Calendar days
Total Call OI
16,531
Nearest expiry
Total Put OI
2,841
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$12.73
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
$5.00
6/18/2026, 11:14:05 PM
2026-07-17
$10.00
7/17/2026, 11:14:03 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:13:51 PM
2026-09-18
$10.00
8/18/2026, 11:13:51 PM
2026-11-20
$7.50
8/18/2026, 11:13:51 PM
2027-01-15
$7.50
8/18/2026, 11:13:51 PM
2027-02-19
$10.00
8/18/2026, 11:13:51 PM
Selected expiration: 2026-08-21 at max pain $10.00.
FRSH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1945250
1945250
5
500
1235000
1235500
7.5
64500
592000
656500
10
152000
100250
252250
12.5
1226750
2250
1229000
15
4297750
500
4298250
17.5
8325000
0
8325000
20
12375500
0
12375500
22.5
16452250
0
16452250
25
20530000
0
20530000
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.