This page reflects FTAI 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 — FTAI
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $240.00 (0.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$11.80
±4.9%
Days to Expiry
2
Calendar days
Total Call OI
2,124
Nearest expiry
Total Put OI
1,058
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$239.84
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
$230.00
5/8/2026, 11:16:00 PM
2026-05-15
$250.00
5/15/2026, 11:14:44 PM
2026-05-22NextUpdated
$240.00
5/20/2026, 11:14:54 PM
2026-05-29
$240.00
5/20/2026, 11:14:54 PM
2026-06-05
$240.00
5/20/2026, 11:14:54 PM
2026-06-12
$270.00
5/20/2026, 11:14:54 PM
2026-06-18
$240.00
5/20/2026, 11:14:54 PM
2026-06-26
$260.00
5/20/2026, 11:14:54 PM
2026-07-17
$240.00
5/20/2026, 11:14:54 PM
2026-08-21
$250.00
5/20/2026, 11:14:54 PM
2026-09-18
$220.00
5/20/2026, 11:14:54 PM
2026-11-20
$250.00
5/20/2026, 11:14:54 PM
2026-12-18
$230.00
5/20/2026, 11:14:54 PM
2027-01-15
$190.00
5/20/2026, 11:14:54 PM
2027-03-19
$230.00
5/20/2026, 11:14:54 PM
Selected expiration: 2026-05-22 at max pain $240.00.
FTAI pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
5795000
5795000
150
0
5271000
5271000
155
0
4751000
4751000
170
0
3194000
3194000
185
0
1956500
1956500
195
0
1431500
1431500
197.5
500
1300250
1300750
200
1000
1171500
1172500
202.5
2000
1082250
1084250
205
3000
995000
998000
210
5000
820500
825500
215
8000
698000
706000
217.5
9500
639250
648750
220
11000
582750
593750
225
14500
472750
487250
227.5
17500
419500
437000
230
20500
367250
387750
232.5
23500
322000
345500
235
28000
277750
305750
237.5
35250
236750
272000
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.