What is IBM max pain this week?

IBM max pain for the nearest expiration (2026-07-10) is $270.00. Total call open interest: 11,653. Total put open interest: 9,038.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options IBMMax Pain

IBM

International Business MachinesClose $289.52EOD only

Max Pain

$270.00

Next expiry Jul 10, 2026

Expected Move

±$14.47

5.0% from close

Price Gap

-19.52

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.68

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Jul 2, 2026 close

End-of-day snapshot

This page reflects IBM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jul 2, 2026 close

Max Pain — IBM

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $270.00 (19.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$270.00

Nearest expiry

Expected Move

±$14.47

±5.0%

Days to Expiry

Calendar days

Total Call OI

11,653

Nearest expiry

Total Put OI

9,038

Nearest expiry

P/C OI Ratio

0.78

Put-heavy

Spot Price

$289.52

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-07-10

Expiration	Max Pain Strike	Last Updated
2026-06-26	$255.00	6/26/2026, 11:16:35 PM
2026-07-02	$272.50	7/2/2026, 11:17:20 PM
2026-07-10NextUpdated	$270.00	7/3/2026, 11:15:40 PM
2026-07-17	$265.00	7/3/2026, 11:15:40 PM
2026-07-24	$255.00	7/3/2026, 11:15:40 PM
2026-07-31	$265.00	7/3/2026, 11:15:40 PM
2026-08-07	$260.00	7/3/2026, 11:15:40 PM
2026-08-21	$260.00	7/3/2026, 11:15:40 PM
2026-09-18	$280.00	7/3/2026, 11:15:40 PM
2026-10-16	$250.00	7/3/2026, 11:15:40 PM
2026-11-20	$250.00	7/3/2026, 11:15:40 PM
2026-12-18	$260.00	7/3/2026, 11:15:40 PM
2027-01-15	$260.00	7/3/2026, 11:15:40 PM
2027-03-19	$290.00	7/3/2026, 11:15:40 PM
2027-06-17	$270.00	7/3/2026, 11:15:40 PM

Selected expiration: 2026-07-10 at max pain $270.00.

IBM pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
130	0	108159000	108159000
150	0	90099000	90099000
175	2500	67524000	67526500
180	3000	63011000	63014000
185	3500	58579000	58582500
195	7500	49715000	49722500
200	9500	45284500	45294000
205	11500	41014000	41025500
210	38000	36768500	36806500
215	66000	32658500	32724500
220	94500	28683500	28778000
222.5	110250	26758000	26868250
225	126250	24833750	24960000
227.5	151500	22928000	23079500
230	176750	21024000	21200750
232.5	206000	19168500	19374500
235	238000	17314750	17552750
237.5	276750	15489500	15766250
240	315500	13679500	13995000
242.5	402500	11895250	12297750

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.