This page reflects ICLR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — ICLR
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $115.00 (1.45 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$18.35
±16.2%
Days to Expiry
30
Calendar days
Total Call OI
1,856
Nearest expiry
Total Put OI
897
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$113.55
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$110.00
4/17/2026, 11:16:32 PM
2026-05-15
$120.00
5/15/2026, 11:20:22 PM
2026-06-18NextUpdated
$115.00
5/19/2026, 11:15:18 PM
2026-07-17
$100.00
5/19/2026, 11:15:18 PM
2026-10-16
$90.00
5/19/2026, 11:15:18 PM
2026-12-18
$100.00
5/19/2026, 11:15:18 PM
2027-01-15
$140.00
5/19/2026, 11:15:18 PM
Selected expiration: 2026-06-18 at max pain $115.00.
ICLR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
3686000
3686000
75
0
2367500
2367500
80
0
1929000
1929000
85
0
1594000
1594000
90
0
1259500
1259500
95
0
931000
931000
100
0
681000
681000
105
2000
467000
469000
110
4500
254000
258500
115
93500
107000
200500
120
367000
24000
391000
125
808500
16500
825000
130
1266000
9000
1275000
135
1841500
5000
1846500
140
2429000
4000
2433000
145
3204500
3000
3207500
150
4055000
2000
4057000
160
5875000
1000
5876000
165
6786000
500
6786500
170
7712500
0
7712500
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.