This page reflects IMVT 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 — IMVT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $28.00 (10.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$1.18
±3.0%
Days to Expiry
15
Calendar days
Total Call OI
6,644
Nearest expiry
Total Put OI
1,245
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$38.79
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, 11:18:32 PM
2026-06-18
$32.00
6/18/2026, 11:17:58 PM
2026-07-17NextUpdated
$28.00
7/3/2026, 11:18:13 PM
2026-08-21
$29.00
7/3/2026, 11:18:13 PM
2026-09-18
$28.00
7/3/2026, 11:18:13 PM
2026-10-16
$30.00
7/3/2026, 11:18:13 PM
2026-12-18
$30.00
7/3/2026, 11:18:13 PM
2027-01-15
$27.00
7/3/2026, 11:18:13 PM
2027-03-19
$30.00
7/3/2026, 11:18:13 PM
Selected expiration: 2026-07-17 at max pain $28.00.
IMVT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3062500
3062500
2
7800
2938800
2946600
3
38100
2816400
2854500
4
74000
2695200
2769200
5
110200
2575400
2685600
6
146400
2456400
2602800
7
182600
2338200
2520800
8
218800
2221800
2440600
9
255000
2106600
2361600
14
436000
1531600
1967600
16
508600
1301800
1810400
17
544900
1187000
1731900
20
653800
842900
1496700
21
690900
728900
1419800
22
728000
615000
1343000
23
765100
532100
1297200
24
802200
449300
1251500
25
839400
366700
1206100
26
877100
284600
1161700
27
945200
202500
1147700
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.