This page reflects IMUX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — IMUX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $1.50 (6.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1.50
Nearest expiry
Expected Move
±$8.40
±105.5%
Days to Expiry
14
Calendar days
Total Call OI
2,036
Nearest expiry
Total Put OI
672
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$7.96
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$15.00
8/21/2026, 11:16:43 PM
2026-09-18
$15.00
9/18/2026, 11:18:03 PM
2026-10-16NextUpdated
$1.50
10/2/2026, 11:16:02 PM
2027-01-15
$10.00
10/2/2026, 11:16:02 PM
2027-04-16
$17.50
10/2/2026, 11:16:02 PM
Selected expiration: 2026-10-16 at max pain $1.50.
IMUX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
514250
514250
1
5100
483200
488300
1.5
28800
458500
487300
2
64700
436750
501450
2.5
103650
415000
518650
5
348400
306250
654650
7.5
593400
197500
790900
10
838900
91500
930400
12.5
1092650
14750
1107400
15
1492650
1750
1494400
17.5
1922150
0
1922150
20
2366400
0
2366400
22.5
2814150
0
2814150
25
3301400
0
3301400
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.