Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Franklin Electric options about one week from expiration was $99.69. The chart above shows the exact max pain for each expiration date.

Franklin Electric closed above its near-term max pain on 15 of the last 20 trading days. On Nov 4, 2026 it closed at $100.21, 0.5% above max pain of $99.69.

Over the last 20 trading days, near-term max pain for Franklin Electric ranged from $75.75 to $99.69. It went from $94.95 on Oct 8, 2026 to $99.69 on Nov 4, 2026. See the FELE max pain history for a longer view.

Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment.