International General InsuranceClose $27.66EOD only
Max Pain
$23.85
Next expiry Jul 17, 2026
Expected Move
±$5.20
18.8% from close
Price Gap
-3.81
Distance to max pain
IV Rank
100
High premium
P/C OI
0.23
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects IGIC 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 — IGIC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $23.85 (3.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.85
Nearest expiry
Expected Move
±$5.20
±18.8%
Days to Expiry
15
Calendar days
Total Call OI
2,343
Nearest expiry
Total Put OI
216
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$27.66
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
$25.00
5/15/2026, 11:19:48 PM
2026-06-18
$25.00
6/18/2026, 11:17:56 PM
2026-07-17NextUpdated
$23.85
7/3/2026, 11:15:40 PM
2026-10-16
$23.85
7/3/2026, 11:15:40 PM
Selected expiration: 2026-07-17 at max pain $23.85.
IGIC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
16.35
0
161515
161515
18.85
25000
107515
132515
20
36730
82675
119405
21.35
50500
53650
104150
22.5
62230
29500
91730
23.85
76000
1420
77420
25
124300
500
124800
28.85
570900
115
571015
30
839540
0
839540
33.85
1740825
0
1740825
35
2010155
0
2010155
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.