This page reflects INSW 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 — INSW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (2.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$7.55
±9.2%
Days to Expiry
15
Calendar days
Total Call OI
5,533
Nearest expiry
Total Put OI
491
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$82.40
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
$75.00
5/15/2026, 11:19:26 PM
2026-06-18
$80.00
6/18/2026, 11:16:35 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:18:26 PM
2026-08-21
$80.00
7/3/2026, 11:18:26 PM
2026-09-18
$100.00
7/3/2026, 11:18:26 PM
2026-12-18
$85.00
7/3/2026, 11:18:26 PM
Selected expiration: 2026-07-17 at max pain $80.00.
INSW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
1379500
1379500
55
0
1134000
1134000
60
0
888500
888500
65
0
644500
644500
70
500
403500
404000
75
1000
185500
186500
80
2500
89500
92000
85
562500
40000
602500
90
2550000
2000
2552000
95
5070500
0
5070500
100
7649500
0
7649500
105
10254000
0
10254000
110
13015000
0
13015000
115
15780500
0
15780500
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.