Short answer: NO.
For those who are unfamiliar with the concept, here's a max pain chart for FSLR at OptionPain.
(enter the symbol and hit submit)
The concept can throw out gibberish if the stock has had a dramatic gap move since the last expiration, as FSLR did on earnings release date, Oct. 29.
Max pain is related to options "pinning" where the stock settles near (within pennies of) a strike price on expiration day.
[he knows expiration is actually the next day, ask him about the friend who cleared BSC and got a call from Ace Greenberg: "Where's my fucking ten million dollars?". Close those positions if you don't want them exercised. -ed]
Eyeballing the chart, $120 looks as if it might offer some resistance. The stock is currently up $4.03 at $119.40, close enough for me.
Via BigCharts:
