This page reflects IBRX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — IBRX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $4.00 (3.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.47
±6.2%
Days to Expiry
3
Calendar days
Total Call OI
66,592
Nearest expiry
Total Put OI
19,424
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$7.72
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$7.00
8/7/2026, 11:16:54 PM
2026-08-14
$7.00
8/14/2026, 11:15:42 PM
2026-08-21NextUpdated
$4.00
8/18/2026, 11:17:46 PM
2026-08-28
$6.00
8/18/2026, 11:17:46 PM
2026-09-04
$7.00
8/18/2026, 11:17:46 PM
2026-09-11
$7.50
8/18/2026, 11:17:46 PM
2026-09-18
$6.00
8/18/2026, 11:17:46 PM
2026-09-25
$7.50
8/18/2026, 11:17:46 PM
2026-10-02
$7.50
8/18/2026, 11:17:46 PM
2026-10-16
$7.00
8/18/2026, 11:17:46 PM
2026-11-20
$8.00
8/18/2026, 11:17:46 PM
2027-01-15
$5.00
8/18/2026, 11:17:46 PM
2027-03-19
$3.00
8/18/2026, 11:17:46 PM
2027-05-21
$10.00
8/18/2026, 11:17:46 PM
Selected expiration: 2026-08-21 at max pain $4.00.
IBRX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
10946850
10946850
1
12150
9975650
9987800
1.5
31750
9005000
9036750
2
58500
8036900
8095400
2.5
91500
7074150
7165650
3
128050
6124250
6252300
3.5
175950
5325400
5501350
4
231350
4533900
4765250
4.5
1425650
3744650
5170300
5
2620950
2958250
5579200
5.5
3836100
2346000
6182100
6
5165000
1797150
6962150
6.5
6582550
1339900
7922450
7
8112000
890550
9002550
7.5
9653050
501850
10154900
8
11501900
379600
11881500
8.5
13518900
288350
13807250
9
15571800
202550
15774350
9.5
17930300
165950
18096250
10
20300550
129900
20430450
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.