This page reflects FTAI 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 — FTAI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $220.00 (8.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$5.65
±2.7%
Days to Expiry
3
Calendar days
Total Call OI
15,456
Nearest expiry
Total Put OI
6,182
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$211.50
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
2026-08-07
$207.50
8/7/2026, 11:11:45 PM
2026-08-14
$212.50
8/14/2026, 11:14:14 PM
2026-08-21NextUpdated
$220.00
8/18/2026, 11:18:02 PM
2026-08-28
$220.00
8/18/2026, 11:18:02 PM
2026-09-04
$220.00
8/18/2026, 11:18:02 PM
2026-09-11
$200.00
8/18/2026, 11:18:02 PM
2026-09-18
$200.00
8/18/2026, 11:18:02 PM
2026-09-25
$250.00
8/18/2026, 11:18:02 PM
2026-10-02
$160.00
8/18/2026, 11:18:02 PM
2026-11-20
$200.00
8/18/2026, 11:18:02 PM
2026-12-18
$210.00
8/18/2026, 11:18:02 PM
2027-01-15
$190.00
8/18/2026, 11:18:02 PM
2027-02-19
$220.00
8/18/2026, 11:18:02 PM
2027-03-19
$230.00
8/18/2026, 11:18:02 PM
2027-06-17
$195.00
8/18/2026, 11:18:02 PM
Selected expiration: 2026-08-21 at max pain $220.00.
FTAI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
68048000
68048000
90
500
64965500
64966000
95
1000
61883000
61884000
100
1500
58800500
58802000
105
2000
55782500
55784500
110
2500
52771500
52774000
115
3500
49765500
49769000
120
4500
46769000
46773500
125
5500
43801000
43806500
130
6500
40840000
40846500
135
7500
37884500
37892000
140
8500
34964500
34973000
145
9500
32048500
32058000
150
10500
29138000
29148500
155
11500
26381500
26393000
160
12500
23635500
23648000
165
14000
20922000
20936000
170
15500
18227500
18243000
175
17000
15662000
15679000
180
19000
13267000
13286000
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.