This page reflects INCY 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 — INCY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $105.00 (11.86 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
±$6.55
±5.6%
Days to Expiry
15
Calendar days
Total Call OI
3,294
Nearest expiry
Total Put OI
735
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$116.86
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
$95.00
5/15/2026, 11:21:41 PM
2026-06-18
$100.00
6/18/2026, 11:18:13 PM
2026-07-17NextUpdated
$105.00
7/3/2026, 11:15:19 PM
2026-08-21
$110.00
7/3/2026, 11:15:19 PM
2026-09-18
$95.00
7/3/2026, 11:15:19 PM
2026-12-18
$90.00
7/3/2026, 11:15:19 PM
2027-01-15
$100.00
7/3/2026, 11:15:19 PM
2027-03-19
$92.50
7/3/2026, 11:15:19 PM
Selected expiration: 2026-07-17 at max pain $105.00.
INCY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
2084000
2084000
80
1000
1359000
1360000
85
3000
996500
999500
90
9000
634000
643000
95
18000
355000
373000
100
31500
219500
251000
105
110500
101500
212000
110
432000
38000
470000
115
1173000
3000
1176000
120
2178000
0
2178000
125
3764500
0
3764500
130
5371500
0
5371500
135
7008500
0
7008500
140
8645500
0
8645500
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.