Independence Realty Trust, Inc.Close $14.72EOD only
Max Pain
$15.00
Next expiry Oct 16, 2026
Expected Move
±$0.78
5.3% from close
Price Gap
+0.28
Distance to max pain
IV Rank
20
Low premium
P/C OI
13.28
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 5, 2026 close
End-of-day snapshot
This page reflects IRT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — IRT
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $15.00 (0.28 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.78
±5.3%
Days to Expiry
11
Calendar days
Total Call OI
142
Nearest expiry
Total Put OI
1,384
Nearest expiry
P/C OI Ratio
9.75
Put-heavy
Spot Price
$14.72
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
$15.00
8/21/2026, 11:18:57 PM
2026-09-18
$15.00
9/18/2026, 11:17:46 PM
2026-10-16NextUpdated
$15.00
10/5/2026, 11:17:45 PM
2027-01-15
$15.00
10/5/2026, 11:17:45 PM
2027-04-16
$15.00
10/5/2026, 11:17:45 PM
Selected expiration: 2026-10-16 at max pain $15.00.
IRT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1728250
1728250
5
0
1382250
1382250
7.5
0
1036250
1036250
10
250
690250
690500
12.5
750
344250
345000
15
1250
250
1500
17.5
12000
0
12000
20
45500
0
45500
22.5
80750
0
80750
30
187250
0
187250
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.