Max Pain — FWRD
Data as of market close Apr 2, 2026
FWRD Max Pain Data
- Max Pain Strike
- $20.00
- Expected Move
- ±$1.85 (±10.6%)
- Days to Expiry
- 15
- Total Call OI
- 7,225
- Total Put OI
- 411
- Put/Call OI Ratio
- 0.06
- Spot Price
- $17.41
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $20.00 | 4/3/2026, 12:35:24 AM |
| 2026-06-18 | $22.50 | 4/3/2026, 12:35:24 AM |
| 2026-09-18 | $17.50 | 4/3/2026, 12:35:24 AM |
| 2027-01-15 | $20.00 | 4/3/2026, 12:35:24 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 12.5 | 0 | 314500 | 314500 |
| 15 | 8750 | 212250 | 221000 |
| 17.5 | 55750 | 120250 | 176000 |
| 20 | 118250 | 37750 | 156000 |
| 22.5 | 1071000 | 250 | 1071250 |
| 25 | 2064000 | 0 | 2064000 |
| 30 | 5057500 | 0 | 5057500 |
| 35 | 8663500 | 0 | 8663500 |
| 40 | 12275000 | 0 | 12275000 |
View max pain levels for FWRD options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.