This page reflects IAC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — IAC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.50 (1.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$3.08
±7.5%
Days to Expiry
29
Calendar days
Total Call OI
837
Nearest expiry
Total Put OI
5,403
Nearest expiry
P/C OI Ratio
6.46
Put-heavy
Spot Price
$40.92
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$40.00
4/17/2026, 11:17:07 PM
2026-05-15
$40.00
5/15/2026, 11:19:41 PM
2026-06-18NextUpdated
$42.50
5/20/2026, 11:15:10 PM
2026-09-18
$35.00
5/20/2026, 11:15:10 PM
2026-12-18
$40.00
5/20/2026, 11:15:10 PM
Selected expiration: 2026-06-18 at max pain $42.50.
IAC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
10144500
10144500
20
0
8794000
8794000
25
0
6094500
6094500
27.5
0
4745500
4745500
30
250
3407750
3408000
32.5
500
2573000
2573500
35
750
1738250
1739000
37.5
1000
903500
904500
40
44000
427750
471750
42.5
96000
81500
177500
45
156750
50500
207250
47.5
235250
25000
260250
50
441000
0
441000
55
858000
0
858000
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.