This page reflects INCY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — INCY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $125.00 (9.70 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$7.45
±6.5%
Days to Expiry
14
Calendar days
Total Call OI
2,235
Nearest expiry
Total Put OI
1,213
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$115.30
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$115.00
8/21/2026, 11:17:51 PM
2026-09-18
$120.00
9/18/2026, 11:17:27 PM
2026-10-16NextUpdated
$125.00
10/2/2026, 11:15:45 PM
2026-11-20
$125.00
10/2/2026, 11:15:45 PM
2026-12-18
$120.00
10/2/2026, 11:15:45 PM
2027-01-15
$100.00
10/2/2026, 11:15:45 PM
2027-03-19
$120.00
10/2/2026, 11:15:45 PM
Selected expiration: 2026-10-16 at max pain $125.00.
INCY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
2041500
2041500
105
13500
1438000
1451500
110
29000
839000
868000
115
49000
308500
357500
120
70000
59500
129500
125
102000
7000
109000
130
156500
500
157000
135
337000
0
337000
140
782000
0
782000
145
1566500
0
1566500
150
2607500
0
2607500
155
3660000
0
3660000
160
4774000
0
4774000
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.