This page reflects FSV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — FSV
Data as of market close Oct 2, 2026
Nearest listed expiration 2027-02-19 shows max pain at $160.00 (30.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$5.50
±4.3%
Days to Expiry
140
Calendar days
Total Call OI
45
Nearest expiry
Total Put OI
400
Nearest expiry
P/C OI Ratio
8.89
Put-heavy
Spot Price
$129.13
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2027-02-19
Expiration
Max Pain Strike
Last Updated
2026-08-21
$145.00
8/21/2026, 11:14:36 PM
2026-09-18
$130.00
9/18/2026, 11:13:26 PM
2026-11-20NextUpdated
$85.00
10/2/2026, 11:13:31 PM
2027-02-19
$160.00
10/2/2026, 11:13:31 PM
Selected expiration: 2027-02-19 at max pain $160.00.
FSV pain by strike for 2027-02-19 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
2449500
2449500
100
0
2249500
2249500
105
0
2049500
2049500
110
0
1849500
1849500
120
0
1449500
1449500
125
5000
1250000
1255000
130
19000
1050500
1069500
135
33000
853000
886000
140
48000
655500
703500
145
63000
458500
521500
155
95000
65500
160500
160
111000
0
111000
170
143000
0
143000
175
163000
0
163000
180
183500
0
183500
190
225500
0
225500
195
247000
0
247000
200
269000
0
269000
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.