This page reflects IQV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — IQV
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (1.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$15.15
±8.8%
Days to Expiry
29
Calendar days
Total Call OI
1,084
Nearest expiry
Total Put OI
442
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$171.50
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$170.00
4/17/2026, 11:15:58 PM
2026-05-15
$170.00
5/15/2026, 11:22:13 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:17:46 PM
2026-07-17
$175.00
5/20/2026, 11:17:46 PM
2026-08-21
$180.00
5/20/2026, 11:17:46 PM
2026-11-20
$170.00
5/20/2026, 11:17:46 PM
2027-01-15
$190.00
5/20/2026, 11:17:46 PM
Selected expiration: 2026-06-18 at max pain $170.00.
IQV pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
1906000
1906000
125
0
1686000
1686000
130
0
1466500
1466500
135
0
1253000
1253000
140
0
1042500
1042500
145
0
837000
837000
150
0
639500
639500
155
0
453500
453500
160
8500
293000
301500
165
21000
171000
192000
170
39500
95000
134500
175
311500
32000
343500
180
597500
500
598000
185
904000
0
904000
190
1231500
0
1231500
195
1707000
0
1707000
200
2208000
0
2208000
210
3278000
0
3278000
220
4358000
0
4358000
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.