This page reflects IONS 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 — IONS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (1.80 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
±$5.85
±7.2%
Days to Expiry
15
Calendar days
Total Call OI
12,740
Nearest expiry
Total Put OI
9,214
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$81.80
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
$72.50
5/15/2026, 11:19:31 PM
2026-06-18
$72.50
6/18/2026, 11:18:49 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:18:38 PM
2026-08-21
$77.50
7/3/2026, 11:18:38 PM
2026-09-18
$82.50
7/3/2026, 11:18:38 PM
2026-10-16
$75.00
7/3/2026, 11:18:38 PM
2027-01-15
$55.00
7/3/2026, 11:18:38 PM
Selected expiration: 2026-07-17 at max pain $80.00.
IONS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
34454750
34454750
45
500
29847750
29848250
47.5
1750
27544250
27546000
50
3250
25241000
25244250
55
6750
20637000
20643750
60
12250
16035000
16047250
62.5
19750
13744500
13764250
65
27250
11454250
11481500
67.5
36250
9186250
9222500
70
45250
7057750
7103000
72.5
209500
5032750
5242250
75
418500
3492250
3910750
77.5
1114250
2553750
3668000
80
1832250
1626000
3458250
82.5
3398250
809000
4207250
85
5143250
500
5143750
87.5
7713250
250
7713500
90
10317000
0
10317000
92.5
13460250
0
13460250
95
16605500
0
16605500
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.