This page reflects FTNT 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 — FTNT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $115.00 (15.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$1.90
±1.5%
Days to Expiry
2
Calendar days
Total Call OI
10,184
Nearest expiry
Total Put OI
9,718
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$130.00
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
$89.00
5/8/2026, 11:15:14 PM
2026-05-15
$100.00
5/15/2026, 11:15:50 PM
2026-05-22NextUpdated
$115.00
5/20/2026, 11:13:52 PM
2026-05-29
$109.00
5/20/2026, 11:13:52 PM
2026-06-05
$110.00
5/20/2026, 11:13:52 PM
2026-06-12
$112.00
5/20/2026, 11:13:52 PM
2026-06-18
$90.00
5/20/2026, 11:13:52 PM
2026-06-26
$106.00
5/20/2026, 11:13:52 PM
2026-07-17
$100.00
5/20/2026, 11:13:52 PM
2026-08-21
$105.00
5/20/2026, 11:13:52 PM
2026-09-18
$85.00
5/20/2026, 11:13:52 PM
2026-12-18
$85.00
5/20/2026, 11:13:52 PM
2027-01-15
$90.00
5/20/2026, 11:13:52 PM
2027-03-19
$100.00
5/20/2026, 11:13:52 PM
Selected expiration: 2026-05-22 at max pain $115.00.
FTNT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
50685800
50685800
60
0
45842800
45842800
65
0
41006800
41006800
69
0
37164400
37164400
70
0
36205300
36205300
71
1300
35255900
35257200
72
2600
34306900
34309500
73
3900
33362300
33366200
74
5200
32420500
32425700
75
6700
31482200
31488900
76
8200
30554200
30562400
77
9700
29629800
29639500
78
11500
28706400
28717900
79
13300
27786200
27799500
80
15300
26866900
26882200
81
17800
25962200
25980000
82
21200
25062100
25083300
83
25400
24165700
24191100
84
32100
23272000
23304100
85
43200
22379100
22422300
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.