This page reflects IOVA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — IOVA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.00 (2.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.60
±8.5%
Days to Expiry
3
Calendar days
Total Call OI
18,345
Nearest expiry
Total Put OI
11,930
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$7.03
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$4.50
8/7/2026, 11:21:43 PM
2026-08-14
$6.00
8/14/2026, 11:18:09 PM
2026-08-21NextUpdated
$5.00
8/18/2026, 11:16:55 PM
2026-08-28
$0.50
8/18/2026, 11:16:55 PM
2026-09-04
$0.50
8/18/2026, 11:16:55 PM
2026-09-11
$0.50
8/18/2026, 11:16:55 PM
2026-09-18
$4.00
8/18/2026, 11:16:55 PM
2026-09-25
$6.00
8/18/2026, 11:16:55 PM
2026-10-02
$5.50
8/18/2026, 11:16:55 PM
2026-12-18
$5.00
8/18/2026, 11:16:55 PM
2027-01-15
$3.00
8/18/2026, 11:16:55 PM
2027-03-19
$5.50
8/18/2026, 11:16:55 PM
Selected expiration: 2026-08-21 at max pain $5.00.
IOVA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
6336450
6336450
1
3000
5739950
5742950
1.5
6800
5143500
5150300
2
16800
4547800
4564600
2.5
29750
3954400
3984150
3
45350
3361550
3406900
3.5
61800
2769350
2831150
4
80050
2195900
2275950
4.5
154800
1717650
1872450
5
454100
1264600
1718700
5.5
875550
923600
1799150
6
1448000
594150
2042150
6.5
2070500
286600
2357100
7
2772300
2600
2774900
7.5
3533500
1800
3535300
8
4422700
1000
4423700
8.5
5325800
650
5326450
9
6229500
400
6229900
10
8064000
100
8064100
11
9898500
0
9898500
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.