This page reflects ICLR 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 — ICLR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $165.00 (2.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$10.90
±6.7%
Days to Expiry
14
Calendar days
Total Call OI
1,499
Nearest expiry
Total Put OI
810
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$162.05
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$175.00
8/21/2026, 11:18:06 PM
2026-09-18
$165.00
9/18/2026, 11:18:35 PM
2026-10-16NextUpdated
$165.00
10/2/2026, 11:17:01 PM
2026-11-20
$150.00
10/2/2026, 11:17:01 PM
2026-12-18
$120.00
10/2/2026, 11:17:01 PM
2027-01-15
$140.00
10/2/2026, 11:17:01 PM
2027-04-16
$185.00
10/2/2026, 11:17:01 PM
2027-05-21
$185.00
10/2/2026, 11:17:01 PM
Selected expiration: 2026-10-16 at max pain $165.00.
ICLR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
8207500
8207500
65
0
7399500
7399500
70
0
6995500
6995500
75
0
6596000
6596000
80
3000
6196500
6199500
85
6000
5803000
5809000
90
9000
5409500
5418500
95
34500
5020500
5055000
100
60000
4631500
4691500
105
86500
4242500
4329000
110
113500
3854500
3968000
115
146000
3466500
3612500
120
185500
3080500
3266000
125
227500
2701500
2929000
130
269500
2334000
2603500
135
311500
1979000
2290500
140
356500
1638500
1995000
145
405500
1298000
1703500
150
457000
964500
1421500
155
517000
642000
1159000
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.