This page reflects IBRX 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 — IBRX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $8.00 (2.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.48
±4.6%
Days to Expiry
7
Calendar days
Total Call OI
4,653
Nearest expiry
Total Put OI
2,664
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$10.28
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$8.50
9/25/2026, 11:15:17 PM
2026-10-02Updated
$9.00
10/2/2026, 11:17:15 PM
2026-10-09Next
$8.00
10/2/2026, 11:17:15 PM
2026-10-16
$7.00
10/2/2026, 11:17:15 PM
2026-10-23
$8.50
10/2/2026, 11:17:15 PM
2026-10-30
$8.50
10/2/2026, 11:17:15 PM
2026-11-06
$8.50
10/2/2026, 11:17:15 PM
2026-11-20
$8.00
10/2/2026, 11:17:15 PM
2027-01-15
$7.50
10/2/2026, 11:17:15 PM
2027-03-19
$6.00
10/2/2026, 11:17:15 PM
2027-04-16
$3.00
10/2/2026, 11:17:15 PM
2027-05-21
$10.00
10/2/2026, 11:17:15 PM
2027-08-20
$5.00
10/2/2026, 11:17:15 PM
Selected expiration: 2026-10-09 at max pain $8.00.
IBRX pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
1162700
1162700
3.5
6300
1029550
1035850
4
16500
896400
912900
4.5
27100
763250
790350
5
37800
630100
667900
6
59600
363800
423400
6.5
70800
250450
321250
7
82050
138650
220700
7.5
93650
82950
176600
8
105900
36300
142200
8.5
149250
17200
166450
9
202800
4200
207000
9.5
293350
0
293350
10
433450
0
433450
10.5
639300
0
639300
14
2267850
0
2267850
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.