This page reflects FTI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — FTI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (16.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$4.00
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
9,973
Nearest expiry
Total Put OI
3,266
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$66.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$70.00
5/15/2026, 11:14:27 PM
2026-06-18
$70.00
6/18/2026, 11:15:05 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:12:20 PM
2026-08-21
$65.00
7/3/2026, 11:12:20 PM
2026-10-16
$70.00
7/3/2026, 11:12:20 PM
2027-01-15
$45.00
7/3/2026, 11:12:20 PM
Selected expiration: 2026-07-17 at max pain $50.00.
FTI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
9693900
9693900
35
1000
8062900
8063900
37
6400
7410900
7417300
39
12400
6758900
6771300
40
15400
6433600
6449000
41
18400
6108500
6126900
42
21400
5783400
5804800
43
24400
5459400
5483800
44
27500
5135400
5162900
45
30900
4811400
4842300
46
34300
4491300
4525600
47
38600
4178900
4217500
48
42900
3868700
3911600
49
47500
3560100
3607600
50
55600
3257000
3312600
55
1625100
1784500
3409600
60
3237100
908000
4145100
65
5871600
150000
6021600
70
9284100
14500
9298600
75
13520100
0
13520100
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.