This page reflects IRMD 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 — IRMD
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $80.00 (5.40 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
±$2.30
±2.7%
Days to Expiry
14
Calendar days
Total Call OI
155
Nearest expiry
Total Put OI
17
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$85.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$90.00
8/21/2026, 11:18:31 PM
2026-09-18
$85.00
9/18/2026, 11:18:33 PM
2026-10-16NextUpdated
$80.00
10/2/2026, 11:17:05 PM
2027-01-15
$70.00
10/2/2026, 11:17:05 PM
2027-04-16
$75.00
10/2/2026, 11:17:05 PM
Selected expiration: 2026-10-16 at max pain $80.00.
IRMD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
12000
12000
65
0
5500
5500
70
0
3000
3000
75
0
1500
1500
80
0
0
0
85
5000
0
5000
90
31000
0
31000
95
88000
0
88000
100
161500
0
161500
105
235000
0
235000
110
308500
0
308500
115
384500
0
384500
130
615500
0
615500
145
848000
0
848000
150
925500
0
925500
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.