This page reflects IMVT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — IMVT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.00 (7.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.00
Nearest expiry
Expected Move
±$1.53
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
303
Nearest expiry
Total Put OI
2,212
Nearest expiry
P/C OI Ratio
7.30
Put-heavy
Spot Price
$44.30
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$32.00
6/18/2026, 11:17:58 PM
2026-07-17
$26.00
7/17/2026, 11:20:37 PM
2026-08-21NextUpdated
$37.00
8/18/2026, 11:19:09 PM
2026-09-18
$30.00
8/18/2026, 11:19:09 PM
2026-10-16
$35.00
8/18/2026, 11:19:09 PM
2026-12-18
$20.00
8/18/2026, 11:19:09 PM
2027-01-15
$42.00
8/18/2026, 11:19:09 PM
2027-03-19
$30.00
8/18/2026, 11:19:09 PM
Selected expiration: 2026-08-21 at max pain $37.00.
IMVT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
3943800
3943800
10
0
3502000
3502000
13
0
2840800
2840800
15
0
2400200
2400200
20
0
1299200
1299200
21
700
1079300
1080000
22
1400
859700
861100
23
2100
640100
642200
24
2800
420800
423600
25
3600
201700
205300
26
4800
183200
188000
27
6400
165300
171700
28
8700
147500
156200
29
11000
131200
142200
30
13500
116200
129700
31
17100
101900
119000
32
20700
88000
108700
33
25200
75400
100600
34
30100
63300
93400
35
35000
51400
86400
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.