Max Pain — IPI
Data as of market close Apr 2, 2026
IPI Max Pain Data
- Max Pain Strike
- $40.00
- Expected Move
- ±$5.42 (±12.4%)
- Days to Expiry
- 15
- Total Call OI
- 4,108
- Total Put OI
- 586
- Put/Call OI Ratio
- 0.14
- Spot Price
- $43.80
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $40.00 | 4/3/2026, 12:49:41 AM |
| 2026-05-15 | $40.00 | 4/3/2026, 12:49:41 AM |
| 2026-06-18 | $33.00 | 4/3/2026, 12:49:41 AM |
| 2026-09-18 | $31.00 | 4/3/2026, 12:49:41 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 20 | 0 | 1154600 | 1154600 |
| 30 | 0 | 588600 | 588600 |
| 31 | 200 | 532000 | 532200 |
| 32 | 400 | 476400 | 476800 |
| 33 | 600 | 420900 | 421500 |
| 34 | 1000 | 365500 | 366500 |
| 35 | 1600 | 310800 | 312400 |
| 36 | 3100 | 260600 | 263700 |
| 37 | 5600 | 210800 | 216400 |
| 38 | 8200 | 163600 | 171800 |
| 39 | 19700 | 118000 | 137700 |
| 40 | 34200 | 76700 | 110900 |
| 41 | 57000 | 58200 | 115200 |
| 45 | 167400 | 3000 | 170400 |
| 50 | 520900 | 500 | 521400 |
| 55 | 1472400 | 0 | 1472400 |
| 60 | 3393400 | 0 | 3393400 |
| 65 | 5431400 | 0 | 5431400 |
| 70 | 7472400 | 0 | 7472400 |
View max pain levels for IPI options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.