This page reflects IBRX 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 — IBRX
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $7.50 (0.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$0.50
±6.2%
Days to Expiry
2
Calendar days
Total Call OI
20,300
Nearest expiry
Total Put OI
4,196
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$8.05
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$7.50
5/8/2026, 11:17:42 PM
2026-05-15
$7.50
5/15/2026, 11:20:54 PM
2026-05-22NextUpdated
$7.50
5/20/2026, 11:14:08 PM
2026-05-29
$7.50
5/20/2026, 11:14:08 PM
2026-06-05
$8.00
5/20/2026, 11:14:08 PM
2026-06-12
$7.50
5/20/2026, 11:14:08 PM
2026-06-18
$7.00
5/20/2026, 11:14:08 PM
2026-06-26
$7.50
5/20/2026, 11:14:08 PM
2026-07-17
$7.50
5/20/2026, 11:14:08 PM
2026-08-21
$4.00
5/20/2026, 11:14:08 PM
2026-10-16
$7.00
5/20/2026, 11:14:08 PM
2027-01-15
$5.00
5/20/2026, 11:14:08 PM
Selected expiration: 2026-05-22 at max pain $7.50.
IBRX pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
2962450
2962450
1
100
2752800
2752900
1.5
300
2543350
2543650
2
550
2334250
2334800
2.5
1050
2125650
2126700
3
1800
1917200
1919000
3.5
3600
1709150
1712750
4
5450
1501200
1506650
4.5
7500
1293300
1300800
5
9650
1085600
1095250
5.5
12100
878000
890100
6
14900
672050
686950
6.5
18700
469450
488150
7
25600
280000
305600
7.5
127800
122650
250450
8
710600
47450
758050
8.5
1397900
17900
1415800
9
2208600
13850
2222450
9.5
3109250
11000
3120250
10
4022550
8350
4030900
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.