This page reflects FTK 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 — FTK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $16.00 (4.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$4.08
±20.0%
Days to Expiry
29
Calendar days
Total Call OI
742
Nearest expiry
Total Put OI
295
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$20.33
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$15.00
4/17/2026, 11:16:53 PM
2026-05-15
$17.00
5/15/2026, 11:13:49 PM
2026-06-18NextUpdated
$16.00
5/20/2026, 11:14:26 PM
2026-09-18
$17.00
5/20/2026, 11:14:26 PM
Selected expiration: 2026-06-18 at max pain $16.00.
FTK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
247100
247100
9
0
217800
217800
10
200
188700
188900
11
400
159700
160100
12
600
130900
131500
13
4500
102400
106900
14
9100
74200
83300
15
13900
46100
60000
16
18700
31100
49800
17
27900
22500
50400
18
39500
16400
55900
19
62400
11200
73600
20
89600
6000
95600
21
144600
4800
149400
22
208500
3600
212100
23
274100
2400
276500
24
344400
1200
345600
25
415500
0
415500
26
487900
0
487900
27
560300
0
560300
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.