This page reflects FSK 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 — FSK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.50 (2.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.00
±9.6%
Days to Expiry
15
Calendar days
Total Call OI
3,914
Nearest expiry
Total Put OI
12,914
Nearest expiry
P/C OI Ratio
3.30
Put-heavy
Spot Price
$10.43
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$10.00
5/15/2026, 11:14:06 PM
2026-06-18
$10.00
6/18/2026, 11:13:17 PM
2026-07-17NextUpdated
$12.50
7/3/2026, 11:14:17 PM
2026-08-21
$10.00
7/3/2026, 11:14:17 PM
2026-10-16
$10.00
7/3/2026, 11:14:17 PM
2026-12-18
$12.50
7/3/2026, 11:14:17 PM
2027-01-15
$12.50
7/3/2026, 11:14:17 PM
Selected expiration: 2026-07-17 at max pain $12.50.
FSK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
9674000
9674000
5
0
6445500
6445500
7.5
750
3217500
3218250
10
1500
262500
264000
12.5
97250
4000
101250
15
771000
1000
772000
17.5
1654500
500
1655000
20
2630500
0
2630500
22.5
3609000
0
3609000
25
4587500
0
4587500
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.