Indivior Pharmaceuticals, Inc.Close $39.43EOD only
Max Pain
$35.00
Next expiry Aug 21, 2026
Expected Move
±$3.00
7.6% from close
Price Gap
-4.43
Distance to max pain
IV Rank
62
High premium
P/C OI
0.17
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — INDV
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $35.00 (4.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.00
±7.6%
Days to Expiry
3
Calendar days
Total Call OI
20,934
Nearest expiry
Total Put OI
1,714
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$39.43
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$35.00
6/18/2026, 11:16:24 PM
2026-07-17
$31.00
7/17/2026, 11:18:38 PM
2026-08-21NextUpdated
$35.00
8/18/2026, 11:16:15 PM
2026-09-18
$36.00
8/18/2026, 11:16:15 PM
2026-11-20
$35.00
8/18/2026, 11:16:15 PM
2026-12-18
$35.00
8/18/2026, 11:16:15 PM
2027-01-15
$40.00
8/18/2026, 11:16:15 PM
2027-02-19
$50.00
8/18/2026, 11:16:15 PM
2027-03-19
$40.00
8/18/2026, 11:16:15 PM
Selected expiration: 2026-08-21 at max pain $35.00.
INDV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2502100
2502100
20
0
1645100
1645100
22
0
1303300
1303300
23
0
1132400
1132400
24
100
961700
961800
25
200
791200
791400
26
1000
728700
729700
27
1800
666400
668200
28
2600
604800
607400
29
3500
543200
546700
30
4400
481900
486300
31
7200
420600
427800
32
10000
360000
370000
33
14000
300100
314100
34
19200
240400
259600
35
25000
180700
205700
36
87300
142200
229500
37
158200
104100
262300
38
230200
67400
297600
39
304600
34700
339300
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.