Indivior Pharmaceuticals, Inc.Close $37.59EOD only
Max Pain
$37.00
Next expiry Jun 18, 2026
Expected Move
±$3.52
9.4% from close
Price Gap
-0.59
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.12
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects INDV 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 — INDV
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $37.00 (0.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.00
Nearest expiry
Expected Move
±$3.52
±9.4%
Days to Expiry
29
Calendar days
Total Call OI
509
Nearest expiry
Total Put OI
228
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$37.59
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
$31.00
4/17/2026, 11:15:49 PM
2026-05-15
$25.00
5/15/2026, 11:18:38 PM
2026-06-18NextUpdated
$37.00
5/20/2026, 11:18:55 PM
2026-08-21
$35.00
5/20/2026, 11:18:55 PM
2026-11-20
$30.00
5/20/2026, 11:18:55 PM
2026-12-18
$30.00
5/20/2026, 11:18:55 PM
2027-01-15
$40.00
5/20/2026, 11:18:55 PM
Selected expiration: 2026-06-18 at max pain $37.00.
INDV pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
28
0
167000
167000
30
0
121600
121600
31
200
99900
100100
33
600
59500
60100
34
900
39900
40800
35
2000
20300
22300
36
4000
12500
16500
37
6200
6600
12800
38
21600
800
22400
39
41500
400
41900
40
73200
100
73300
41
117900
0
117900
43
207300
0
207300
45
297300
0
297300
50
550800
0
550800
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.