This page reflects IMNM 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 — IMNM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $19.00 (4.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$4.20
±17.8%
Days to Expiry
15
Calendar days
Total Call OI
2,062
Nearest expiry
Total Put OI
785
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$23.61
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
$22.00
5/15/2026, 11:20:02 PM
2026-06-18
$20.00
6/18/2026, 11:18:27 PM
2026-07-17NextUpdated
$19.00
7/3/2026, 11:14:45 PM
2026-08-21
$20.00
7/3/2026, 11:14:45 PM
2026-10-16
$18.00
7/3/2026, 11:14:45 PM
2026-12-18
$5.00
7/3/2026, 11:14:45 PM
2027-01-15
$13.00
7/3/2026, 11:14:45 PM
Selected expiration: 2026-07-17 at max pain $19.00.
IMNM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
885200
885200
10
2500
492700
495200
11
3000
414200
417200
12
3500
335700
339200
13
4000
257200
261200
14
4500
178700
183200
15
10000
100200
110200
16
15900
73100
89000
17
21800
49600
71400
18
27700
32800
60500
19
33600
19800
53400
20
97800
10300
108100
21
199100
5300
204400
22
342100
1800
343900
23
496600
1000
497600
24
651600
400
652000
25
813300
100
813400
26
992200
0
992200
27
1172400
0
1172400
28
1352600
0
1352600
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.