This page reflects INCY 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 — INCY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (2.92 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
±$8.80
±9.1%
Days to Expiry
29
Calendar days
Total Call OI
3,215
Nearest expiry
Total Put OI
4,835
Nearest expiry
P/C OI Ratio
1.50
Put-heavy
Spot Price
$97.08
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
$95.00
4/17/2026, 11:14:07 PM
2026-05-15
$95.00
5/15/2026, 11:21:41 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:16:41 PM
2026-09-18
$90.00
5/20/2026, 11:16:41 PM
2026-12-18
$85.00
5/20/2026, 11:16:41 PM
2027-01-15
$100.00
5/20/2026, 11:16:41 PM
Selected expiration: 2026-06-18 at max pain $100.00.
INCY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
21006000
21006000
50
1000
18588500
18589500
55
2500
16171000
16173500
60
4000
13753500
13757500
65
6500
11336000
11342500
70
9500
8918500
8928000
75
17500
6501500
6519000
77.5
21750
5299500
5321250
80
26000
4099000
4125000
82.5
33500
2908500
2942000
85
41000
1718500
1759500
87.5
52000
1283000
1335000
90
69750
859500
929250
92.5
100250
591750
692000
95
135250
352500
487750
97.5
178750
221750
400500
100
236750
102500
339250
105
742250
44000
786250
110
1387750
26000
1413750
115
2371750
20500
2392250
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.