This page reflects IONS 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 — IONS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $52.50 (8.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$2.62
±6.0%
Days to Expiry
14
Calendar days
Total Call OI
15,200
Nearest expiry
Total Put OI
10,898
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$43.54
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$55.00
8/21/2026, 11:18:35 PM
2026-09-18
$55.00
9/18/2026, 11:18:37 PM
2026-10-16NextUpdated
$52.50
10/2/2026, 11:17:54 PM
2026-11-20
$47.50
10/2/2026, 11:17:54 PM
2026-12-18
$52.50
10/2/2026, 11:17:54 PM
2027-01-15
$52.50
10/2/2026, 11:17:54 PM
2027-04-16
$55.00
10/2/2026, 11:17:54 PM
Selected expiration: 2026-10-16 at max pain $52.50.
IONS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
14881000
14881000
37.5
0
12157500
12157500
40
0
9452250
9452250
42.5
60750
7574000
7634750
45
128250
5837250
5965500
47.5
239500
4313250
4552750
50
364750
2826000
3190750
52.5
1000500
1554500
2555000
55
1828250
1113500
2941750
57.5
3130750
809750
3940500
60
4857000
573750
5430750
62.5
7176500
469500
7646000
65
9618500
365750
9984250
67.5
12189750
262000
12451750
70
14790500
208250
14998750
72.5
17796500
154500
17951000
75
20844500
100750
20945250
77.5
24005750
50000
24055750
80
27174000
0
27174000
82.5
30738250
0
30738250
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.