This page reflects FSLR 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 — FSLR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $230.00 (7.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$10.18
±4.3%
Days to Expiry
2
Calendar days
Total Call OI
4,043
Nearest expiry
Total Put OI
11,618
Nearest expiry
P/C OI Ratio
2.87
Put-heavy
Spot Price
$237.86
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$207.50
5/8/2026, 11:14:22 PM
2026-05-15
$220.00
5/15/2026, 11:15:26 PM
2026-05-22NextUpdated
$230.00
5/20/2026, 11:12:14 PM
2026-05-29
$220.00
5/20/2026, 11:12:14 PM
2026-06-05
$215.00
5/20/2026, 11:12:14 PM
2026-06-12
$225.00
5/20/2026, 11:12:14 PM
2026-06-18
$210.00
5/20/2026, 11:12:14 PM
2026-06-26
$215.00
5/20/2026, 11:12:14 PM
2026-07-17
$210.00
5/20/2026, 11:12:14 PM
2026-08-21
$220.00
5/20/2026, 11:12:14 PM
2026-09-18
$230.00
5/20/2026, 11:12:14 PM
2026-12-18
$250.00
5/20/2026, 11:12:14 PM
2027-01-15
$220.00
5/20/2026, 11:12:14 PM
2027-03-19
$110.00
5/20/2026, 11:12:14 PM
Selected expiration: 2026-05-22 at max pain $230.00.
FSLR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
114098000
114098000
125
0
108290000
108290000
130
500
102483500
102484000
135
1500
96685500
96687000
140
2500
91014000
91016500
150
7500
79742000
79749500
155
10000
74122000
74132000
160
13000
68508500
68521500
165
16500
62905000
62921500
170
21000
57332000
57353000
175
36500
51801500
51838000
180
52500
46311500
46364000
185
108500
40827000
40935500
187.5
142750
38089500
38232250
190
177250
35356000
35533250
192.5
214750
32683000
32897750
195
252500
30056500
30309000
197.5
297000
27457250
27754250
200
344250
24859750
25204000
202.5
402750
22287000
22689750
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.