This page reflects IMUX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 6, 2026 close
Max Pain — IMUX
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $0.50 (14.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$0.50
Nearest expiry
Expected Move
±$2.58
±17.3%
Days to Expiry
11
Calendar days
Total Call OI
7,255
Nearest expiry
Total Put OI
803
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$14.86
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
$1.00
5/15/2026, 11:17:04 PM
2026-06-18
$12.50
6/18/2026, 11:16:55 PM
2026-07-17NextUpdated
$0.50
7/6/2026, 11:17:19 PM
2026-08-21
$12.50
7/6/2026, 11:17:19 PM
2026-10-16
$1.00
7/6/2026, 11:17:19 PM
2027-01-15
$2.50
7/6/2026, 11:17:19 PM
Selected expiration: 2026-07-17 at max pain $0.50.
IMUX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
291500
291500
1
98150
251350
349500
1.5
242800
229200
472000
2
471700
213950
685650
2.5
814700
200750
1015450
7.5
4263700
68750
4332450
10
5988200
20750
6008950
12.5
7716450
500
7716950
15
9448950
0
9448950
17.5
11190200
0
11190200
20
12939950
0
12939950
22.5
14733200
0
14733200
25
16546450
0
16546450
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.