This page reflects ICLR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — ICLR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $145.00 (28.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$12.40
±7.2%
Days to Expiry
15
Calendar days
Total Call OI
6,081
Nearest expiry
Total Put OI
4,356
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$173.06
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$120.00
5/15/2026, 11:20:22 PM
2026-06-18
$130.00
6/18/2026, 11:18:02 PM
2026-07-17NextUpdated
$145.00
7/3/2026, 11:15:45 PM
2026-08-21
$170.00
7/3/2026, 11:15:45 PM
2026-10-16
$115.00
7/3/2026, 11:15:45 PM
2026-12-18
$110.00
7/3/2026, 11:15:45 PM
2027-01-15
$140.00
7/3/2026, 11:15:45 PM
Selected expiration: 2026-07-17 at max pain $145.00.
ICLR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
37978500
37978500
55
0
35800500
35800500
60
4000
33622500
33626500
65
8000
31460000
31468000
70
12000
29306000
29318000
75
16000
27158500
27174500
80
20000
25025000
25045000
85
24000
22954000
22978000
90
31000
20883000
20914000
95
39500
18816500
18856000
100
210000
16802500
17012500
105
470500
14801500
15272000
110
733000
12911500
13644500
115
1012500
11133500
12146000
120
1327000
9364500
10691500
125
1787000
7609000
9396000
130
2318500
6244500
8563000
135
2881500
4922000
7803500
140
3543000
3721500
7264500
145
4353500
2668500
7022000
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.