This page reflects FTAI 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 — FTAI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $177.50 (10.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$177.50
Nearest expiry
Expected Move
±$9.85
±5.9%
Days to Expiry
7
Calendar days
Total Call OI
1,998
Nearest expiry
Total Put OI
249
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$167.03
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$180.00
9/25/2026, 11:12:24 PM
2026-10-02Updated
$175.00
10/2/2026, 11:14:06 PM
2026-10-09Next
$177.50
10/2/2026, 11:14:06 PM
2026-10-16
$185.00
10/2/2026, 11:14:06 PM
2026-10-23
$180.00
10/2/2026, 11:14:06 PM
2026-10-30
$180.00
10/2/2026, 11:14:06 PM
2026-11-06
$180.00
10/2/2026, 11:14:06 PM
2026-11-20
$200.00
10/2/2026, 11:14:06 PM
2026-12-18
$200.00
10/2/2026, 11:14:06 PM
2027-01-15
$190.00
10/2/2026, 11:14:06 PM
2027-02-19
$180.00
10/2/2026, 11:14:06 PM
2027-03-19
$220.00
10/2/2026, 11:14:06 PM
2027-05-21
$135.00
10/2/2026, 11:14:06 PM
2027-06-17
$195.00
10/2/2026, 11:14:06 PM
Selected expiration: 2026-10-09 at max pain $177.50.
FTAI pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
1854400
1854400
144
0
1234200
1234200
145
1000
1191000
1192000
147
5000
1104600
1109600
148
7100
1061400
1068500
149
9300
1018200
1027500
150
11500
975000
986500
152.5
18250
868000
886250
155
25000
761250
786250
157.5
31750
656750
688500
160
38500
553250
591750
162.5
48000
452500
500500
165
57500
352000
409500
167.5
78000
272000
350000
170
108500
195750
304250
172.5
141750
129250
271000
175
177750
79000
256750
177.5
221000
58000
279000
180
304750
39750
344500
182.5
392000
29000
421000
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.