Nearest listed expiration 2026-08-21 shows max pain at $35.00 (0.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$0.69
±1.9%
Days to Expiry
4
Calendar days
Total Call OI
372,612
Nearest expiry
Total Put OI
197,481
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$35.10
Published close
Consensus
7.5/10
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
2026-08-07
$35.50
8/7/2026, 11:12:54 PM
2026-08-14
$35.50
8/14/2026, 11:19:08 PM
2026-08-21NextUpdated
$35.00
8/17/2026, 11:17:00 PM
2026-08-28
$35.50
8/17/2026, 11:17:00 PM
2026-09-04
$35.00
8/17/2026, 11:17:00 PM
2026-09-11
$35.00
8/17/2026, 11:17:00 PM
2026-09-18
$36.00
8/17/2026, 11:17:00 PM
2026-09-25
$36.00
8/17/2026, 11:17:00 PM
2026-09-30
$36.00
8/17/2026, 11:17:00 PM
2026-10-02
$34.50
8/17/2026, 11:17:00 PM
2026-10-16
$35.00
8/17/2026, 11:17:00 PM
2026-11-20
$35.00
8/17/2026, 11:17:00 PM
2026-12-18
$36.00
8/17/2026, 11:17:00 PM
2026-12-31
$35.00
8/17/2026, 11:17:00 PM
2027-01-15
$35.00
8/17/2026, 11:17:00 PM
2027-02-19
$35.00
8/17/2026, 11:17:00 PM
2027-03-19
$35.00
8/17/2026, 11:17:00 PM
2027-03-31
$35.00
8/17/2026, 11:17:00 PM
2027-04-16
$34.00
8/17/2026, 11:17:00 PM
2027-05-21
$36.00
8/17/2026, 11:17:00 PM
2027-06-17
$34.00
8/17/2026, 11:17:00 PM
2027-06-30
$28.00
8/17/2026, 11:17:00 PM
2027-07-16
$32.00
8/17/2026, 11:17:00 PM
Selected expiration: 2026-08-21 at max pain $35.00.
FXI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
277346500
277346500
23
0
218110900
218110900
25
0
178620500
178620500
26
1000
158905600
158906600
27
3300
139192300
139195600
28
15700
119480100
119495800
29
29700
99961600
99991300
29.5
37900
90487250
90525150
30
46200
81014300
81060500
30.5
67750
71601600
71669350
31
89300
62209250
62298550
31.5
245900
53063500
53309400
32
402500
43921450
44323950
32.5
617400
36170450
36787850
33
832400
28419650
29252050
33.5
1219350
21783000
23002350
34
1618800
15280300
16899100
34.5
2408850
10578700
12987550
35
3248600
6143200
9391800
35.5
5973350
4695050
10668400
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.