This page reflects INBX 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 — INBX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (5.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$9.38
±9.9%
Days to Expiry
3
Calendar days
Total Call OI
1,723
Nearest expiry
Total Put OI
471
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$94.62
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
$85.00
6/18/2026, 11:18:27 PM
2026-07-17
$95.00
7/17/2026, 11:22:13 PM
2026-08-21NextUpdated
$100.00
8/18/2026, 11:18:07 PM
2026-09-18
$95.00
8/18/2026, 11:18:07 PM
2026-11-20
$95.00
8/18/2026, 11:18:07 PM
2027-01-15
$40.00
8/18/2026, 11:18:07 PM
2027-02-19
$85.00
8/18/2026, 11:18:07 PM
Selected expiration: 2026-08-21 at max pain $100.00.
INBX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
2886500
2886500
40
500
2651000
2651500
45
4500
2416500
2421000
50
9500
2182500
2192000
55
14500
1951000
1965500
60
19500
1719500
1739000
65
24500
1491000
1515500
70
29500
1266500
1296000
75
34500
1048500
1083000
80
40500
851500
892000
85
47500
686000
733500
90
90000
546000
636000
95
146500
412000
558500
100
215500
278500
494000
105
451500
145000
596500
110
694000
12500
706500
115
983000
5000
988000
120
1429500
0
1429500
125
1883500
0
1883500
130
2460500
0
2460500
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.