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IBM

International Business MachinesClose $222.64EOD only
Max Pain
$225.00
Next expiry Oct 9, 2026
Expected Move
±$7.25
3.3% from close
Price Gap
+2.36
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.77
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — IBM
Data as of market close Oct 2, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $225.00 (2.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$225.00
Nearest expiry
Expected Move
±$7.25
±3.3%
Days to Expiry
7
Calendar days
Total Call OI
7,672
Nearest expiry
Total Put OI
5,081
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$222.64
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$227.509/25/2026, 11:19:10 PM
2026-10-02Updated$225.0010/2/2026, 11:16:01 PM
2026-10-09Next$225.0010/2/2026, 11:16:01 PM
2026-10-16$225.0010/2/2026, 11:16:01 PM
2026-10-23$230.0010/2/2026, 11:16:01 PM
2026-10-30$225.0010/2/2026, 11:16:01 PM
2026-11-06$220.0010/2/2026, 11:16:01 PM
2026-11-20$235.0010/2/2026, 11:16:01 PM
2026-12-18$240.0010/2/2026, 11:16:01 PM
2027-01-15$250.0010/2/2026, 11:16:01 PM
2027-02-19$225.0010/2/2026, 11:16:01 PM
2027-03-19$270.0010/2/2026, 11:16:01 PM
2027-04-16$230.0010/2/2026, 11:16:01 PM
2027-06-17$240.0010/2/2026, 11:16:01 PM
2027-09-17$250.0010/2/2026, 11:16:01 PM
Selected expiration: 2026-10-09 at max pain $225.00.
IBM pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
12004811150048111500
1255004557100045571500
13525004049000040492500
14545003541000035414500
16090002779000027799000
165105002525850025269000
170120002275200022764000
180170001774000017757000
185195001524000015259500
190220001274100012763000
195255001027500010300500
2003050079475007978000
2054000058005005840500
207.54625048115004857750
2105250038442503896750
212.56725031845003251750
2158275025575002640250
217.510450019932502097750
22013075014795001610250
222.523175010522501284000
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.