thetaOwl

FTNT

Fortinet, Inc.Close $180.95EOD only
Max Pain
$170.00
Next expiry Oct 9, 2026
Expected Move
±$7.47
4.1% from close
Price Gap
-10.95
Distance to max pain
IV Rank
16
Low premium
P/C OI
1.00
Balanced positioning
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects FTNT 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 — FTNT
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $170.00 (10.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$7.47
±4.1%
Days to Expiry
7
Calendar days
Total Call OI
1,108
Nearest expiry
Total Put OI
1,232
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$180.95
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$172.509/25/2026, 11:14:54 PM
2026-10-02Updated$175.0010/2/2026, 11:12:28 PM
2026-10-09Next$170.0010/2/2026, 11:12:28 PM
2026-10-16$170.0010/2/2026, 11:12:28 PM
2026-10-23$170.0010/2/2026, 11:12:28 PM
2026-10-30$170.0010/2/2026, 11:12:28 PM
2026-11-06$185.0010/2/2026, 11:12:28 PM
2026-11-20$170.0010/2/2026, 11:12:28 PM
2026-12-18$135.0010/2/2026, 11:12:28 PM
2027-01-15$100.0010/2/2026, 11:12:28 PM
2027-03-19$160.0010/2/2026, 11:12:28 PM
2027-06-17$165.0010/2/2026, 11:12:28 PM
2027-09-17$150.0010/2/2026, 11:12:28 PM
Selected expiration: 2026-10-09 at max pain $170.00.
FTNT pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
9501009380010093800
105200086628008664800
1101550079473007962800
1255900058008005859800
1307600050853005161300
1359300043728004465800
14011000036738003783800
14512800029963003124300
14814120025994002740600
14914610024679002614000
15015100023365002487500
152.516400020162502180250
15517700016990001876000
157.519225013957501588000
16020750010945001302000
162.52272508350001062250
165247750609750857500
167.5271250441750713000
170296500294750591250
172.5363000188500551500
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.