This page reflects INVA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — INVA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-12-18 shows max pain at $22.50 (2.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$2.70
±13.2%
Days to Expiry
77
Calendar days
Total Call OI
819
Nearest expiry
Total Put OI
245
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$20.50
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-12-18
Expiration
Max Pain Strike
Last Updated
2026-08-21
$20.00
8/21/2026, 11:18:07 PM
2026-09-18
$20.00
9/18/2026, 11:17:47 PM
2026-12-18NextUpdated
$22.50
10/2/2026, 11:16:55 PM
2027-03-19
$20.00
10/2/2026, 11:16:55 PM
Selected expiration: 2026-12-18 at max pain $22.50.
INVA pain by strike for 2026-12-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
265500
265500
12.5
1750
204250
206000
15
4500
143000
147500
17.5
7250
81750
89000
20
12500
20500
33000
22.5
23500
1250
24750
25
145250
1000
146250
30
535250
500
535750
35
927250
0
927250
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.