5-Year Treasury Note Futures (ZF) Max Pain Analysis

Max pain is the strike price where aggregate option buyer payout is minimized at expiration. It represents the price at which option writers retain the most premium.

5-Year Treasury Note Futures (ZF) operates in the Interest-Rate Futures sector, specifically the Interest-Rate Futures industry, listed on CBOT. CBOT 5-Year Treasury Note futures (ZF): intermediate-maturity US Treasury futures used for curve and duration trades.

Max pain analysis shows the strike price where the most options expire worthless. No recent options activity for ZF as of 2026-06-02; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.

Learn how max pain is reported and how to read the data →