Max Pain — IBM
Data as of market close Apr 2, 2026
IBM Max Pain Data
- Max Pain Strike
- $242.50
- Expected Move
- ±$5.28 (±2.1%)
- Days to Expiry
- 8
- Total Call OI
- 2,497
- Total Put OI
- 1,814
- Put/Call OI Ratio
- 0.73
- Spot Price
- $248.16
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $247.50 | 3/27/2026, 2:35:10 PM |
| 2026-04-02 | $240.00 | 4/1/2026, 7:04:51 PM |
| 2026-04-10 | $242.50 | 4/3/2026, 12:46:31 AM |
| 2026-04-17 | $250.00 | 4/3/2026, 12:46:31 AM |
| 2026-04-24 | $245.00 | 4/3/2026, 12:46:31 AM |
| 2026-05-01 | $250.00 | 4/3/2026, 12:46:31 AM |
| 2026-05-08 | $245.00 | 4/3/2026, 12:46:31 AM |
| 2026-05-15 | $260.00 | 4/3/2026, 12:46:31 AM |
| 2026-06-18 | $265.00 | 4/3/2026, 12:46:31 AM |
| 2026-07-17 | $275.00 | 4/3/2026, 12:46:31 AM |
| 2026-08-21 | $260.00 | 4/3/2026, 12:46:31 AM |
| 2026-09-18 | $280.00 | 4/3/2026, 12:46:31 AM |
| 2026-10-16 | $230.00 | 4/3/2026, 12:46:31 AM |
| 2026-11-20 | $245.00 | 4/3/2026, 12:46:31 AM |
| 2026-12-18 | $250.00 | 4/3/2026, 12:46:31 AM |
| 2027-01-15 | $260.00 | 4/3/2026, 12:46:31 AM |
| 2027-03-19 | $250.00 | 4/3/2026, 12:46:31 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 120 | 0 | 18207750 | 18207750 |
| 125 | 0 | 17332750 | 17332750 |
| 170 | 0 | 10020250 | 10020250 |
| 175 | 0 | 9213250 | 9213250 |
| 180 | 0 | 8408750 | 8408750 |
| 190 | 0 | 6819750 | 6819750 |
| 200 | 0 | 5242750 | 5242750 |
| 205 | 16500 | 4457250 | 4473750 |
| 210 | 33000 | 3690750 | 3723750 |
| 215 | 49500 | 2953250 | 3002750 |
| 217.5 | 58000 | 2607250 | 2665250 |
| 220 | 66500 | 2266250 | 2332750 |
| 222.5 | 76000 | 1954750 | 2030750 |
| 225 | 85500 | 1650500 | 1736000 |
| 227.5 | 99500 | 1357250 | 1456750 |
| 230 | 113500 | 1067750 | 1181250 |
| 232.5 | 131250 | 812000 | 943250 |
| 235 | 151500 | 586500 | 738000 |
| 237.5 | 190250 | 411750 | 602000 |
| 240 | 240750 | 272500 | 513250 |
View max pain levels for IBM options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.