This page reflects IOVA 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 — IOVA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $7.50 (6.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$2.23
±15.7%
Days to Expiry
7
Calendar days
Total Call OI
919
Nearest expiry
Total Put OI
439
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$14.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$5.00
9/25/2026, 11:19:41 PM
2026-10-02Updated
$10.50
10/2/2026, 11:18:08 PM
2026-10-09Next
$7.50
10/2/2026, 11:18:08 PM
2026-10-16
$10.00
10/2/2026, 11:18:08 PM
2026-10-23
$9.00
10/2/2026, 11:18:08 PM
2026-10-30
$7.50
10/2/2026, 11:18:08 PM
2026-11-06
$9.50
10/2/2026, 11:18:08 PM
2026-11-20
$10.00
10/2/2026, 11:18:08 PM
2026-12-18
$7.50
10/2/2026, 11:18:08 PM
2027-01-15
$5.00
10/2/2026, 11:18:08 PM
2027-03-19
$5.50
10/2/2026, 11:18:08 PM
Selected expiration: 2026-10-09 at max pain $7.50.
IOVA pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
263600
263600
2.5
1600
241650
243250
3
3250
219700
222950
4
19050
175800
194850
5.5
45600
109950
155550
6
54600
88000
142600
6.5
63850
66050
129900
7
73100
49100
122200
7.5
82650
36650
119300
8
98650
28950
127600
8.5
115600
21650
137250
9
132750
16400
149150
9.5
150900
13000
163900
10
170050
11400
181450
10.5
202250
10450
212700
11
234800
9500
244300
11.5
276650
8550
285200
12
319000
7600
326600
16
686600
0
686600
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.