This page reflects FTS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — FTS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (1.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$1.82
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
165
Nearest expiry
Total Put OI
222
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$56.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$55.00
6/18/2026, 11:14:32 PM
2026-07-17
$60.00
7/17/2026, 11:16:48 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:18:09 PM
2026-09-18
$60.00
8/18/2026, 11:18:09 PM
2026-10-16
$55.00
8/18/2026, 11:18:09 PM
2026-11-20
$60.00
8/18/2026, 11:18:09 PM
2027-02-19
$55.00
8/18/2026, 11:18:09 PM
Selected expiration: 2026-08-21 at max pain $55.00.
FTS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
554500
554500
35
0
443500
443500
40
500
332500
333000
45
1500
222000
223500
50
2500
112000
114500
55
5000
20000
25000
60
47500
500
48000
65
124500
0
124500
70
201500
0
201500
75
278500
0
278500
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.