International Flavors & FragranClose $81.00EOD only
Max Pain
$77.50
Next expiry Aug 21, 2026
Expected Move
±$1.85
2.3% from close
Price Gap
-3.50
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.68
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects IFF 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 — IFF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $77.50 (3.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$1.85
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
3,403
Nearest expiry
Total Put OI
903
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$81.00
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
2026-06-18
$77.50
6/18/2026, 11:18:26 PM
2026-07-17
$75.00
7/17/2026, 11:17:58 PM
2026-08-21NextUpdated
$77.50
8/18/2026, 11:18:14 PM
2026-09-18
$80.00
8/18/2026, 11:18:14 PM
2026-11-20
$77.50
8/18/2026, 11:18:14 PM
2026-12-18
$75.00
8/18/2026, 11:18:14 PM
2027-02-19
$77.50
8/18/2026, 11:18:14 PM
2027-03-19
$70.00
8/18/2026, 11:18:14 PM
2027-06-17
$70.00
8/18/2026, 11:18:14 PM
Selected expiration: 2026-08-21 at max pain $77.50.
IFF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
3190500
3190500
40
750
2965000
2965750
42.5
1500
2739750
2741250
45
2250
2514750
2517000
47.5
3000
2290250
2293250
50
3750
2070750
2074500
55
5250
1639750
1645000
57.5
6000
1428500
1434500
60
6750
1218000
1224750
62.5
7500
1013750
1021250
65
8250
813750
822000
67.5
9750
648000
657750
70
11250
493250
504500
72.5
15000
342000
357000
75
31500
194500
226000
77.5
61500
117250
178750
80
208750
61250
270000
82.5
612750
22500
635250
85
1133250
9000
1142250
87.5
1737750
500
1738250
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.