Nearest listed expiration 2026-10-09 shows max pain at $34.00 (0.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$0.73
±2.2%
Days to Expiry
7
Calendar days
Total Call OI
8,586
Nearest expiry
Total Put OI
8,893
Nearest expiry
P/C OI Ratio
1.04
Put-heavy
Spot Price
$33.19
Published close
Consensus
7.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-30
$35.00
9/30/2026, 11:13:49 PM
2026-10-02Updated
$34.50
10/2/2026, 11:11:46 PM
2026-10-09Next
$34.00
10/2/2026, 11:11:46 PM
2026-10-16
$34.50
10/2/2026, 11:11:46 PM
2026-10-23
$34.50
10/2/2026, 11:11:46 PM
2026-10-30
$34.50
10/2/2026, 11:11:46 PM
2026-11-06
$33.00
10/2/2026, 11:11:46 PM
2026-11-20
$34.00
10/2/2026, 11:11:46 PM
2026-12-18
$36.00
10/2/2026, 11:11:46 PM
2026-12-31
$35.00
10/2/2026, 11:11:46 PM
2027-01-15
$36.00
10/2/2026, 11:11:46 PM
2027-02-19
$35.00
10/2/2026, 11:11:46 PM
2027-03-19
$35.00
10/2/2026, 11:11:46 PM
2027-03-31
$35.00
10/2/2026, 11:11:46 PM
2027-04-16
$34.00
10/2/2026, 11:11:46 PM
2027-05-21
$36.00
10/2/2026, 11:11:46 PM
2027-06-17
$34.00
10/2/2026, 11:11:46 PM
2027-06-30
$28.00
10/2/2026, 11:11:46 PM
2027-07-16
$34.00
10/2/2026, 11:11:46 PM
2027-08-20
$38.00
10/2/2026, 11:11:46 PM
2027-09-17
$34.00
10/2/2026, 11:11:46 PM
Selected expiration: 2026-10-09 at max pain $34.00.
FXI pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
12060500
12060500
25
1500
7614000
7615500
31
5100
2278200
2283300
31.5
5400
1834000
1839400
32
5700
1390050
1395750
32.5
6000
948600
954600
33
6300
565300
571600
33.5
6700
301050
307750
34
7100
41200
48300
34.5
207350
7850
215200
35
440250
3800
444050
35.5
682650
1400
684050
36
937400
1050
938450
36.5
1271950
800
1272750
37
1613250
550
1613800
37.5
1961800
300
1962100
38.5
2661000
0
2661000
39
3020450
0
3020450
40
3876450
0
3876450
43
6452250
0
6452250
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.