This page reflects INBX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — INBX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $105.00 (5.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$19.95
±18.1%
Days to Expiry
29
Calendar days
Total Call OI
898
Nearest expiry
Total Put OI
222
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$110.01
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$65.00
4/17/2026, 11:16:50 PM
2026-05-15
$100.00
5/15/2026, 11:21:01 PM
2026-06-18NextUpdated
$105.00
5/20/2026, 11:18:58 PM
2026-08-21
$110.00
5/20/2026, 11:18:58 PM
2026-11-20
$120.00
5/20/2026, 11:18:58 PM
2027-01-15
$40.00
5/20/2026, 11:18:58 PM
Selected expiration: 2026-06-18 at max pain $105.00.
INBX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1738000
1738000
55
0
1414000
1414000
65
1000
1198000
1199000
70
1500
1095000
1096500
75
2000
993000
995000
80
5000
892500
897500
85
45500
792500
838000
90
117000
692500
809500
95
191000
597500
788500
100
267000
504500
771500
105
349000
413500
762500
110
440500
323500
764000
115
538000
237000
775000
120
637000
153000
790000
125
800500
106000
906500
130
1021500
66500
1088000
135
1328500
45500
1374000
140
1659500
31000
1690500
145
2059500
21000
2080500
150
2475000
16000
2491000
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.