FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF) Max Pain
Max pain is the strike where the combined payout to all FCF option holders would be smallest at expiration — this page explains how it is computed, where it sits today, and how it has moved over the past year.
Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
FCF Max Pain vs. Share Price
FCF daily max pain strike and closing price, past year.
| Last close | $20.95 |
| Call wall (largest call OI) | $22.5 |
Max pain has risen from $17.5 in Feb '26 to $20 today.
How it works: for every strike, sum what all open FCF calls and puts would pay out if the stock closed exactly there at expiration. The strike with the smallest total payout is max pain. Because it is driven by open interest, it moves as positions are opened and closed — it is a map of positioning, not a price target.
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Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.
Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.