This page reflects IVZ 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 — IVZ
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $27.00 (3.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$1.52
±5.0%
Days to Expiry
14
Calendar days
Total Call OI
4,301
Nearest expiry
Total Put OI
1,792
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$30.66
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
$32.00
8/21/2026, 11:15:55 PM
2026-09-18
$30.00
9/18/2026, 11:18:08 PM
2026-10-16NextUpdated
$27.00
10/2/2026, 11:17:04 PM
2026-11-20
$30.00
10/2/2026, 11:17:04 PM
2027-01-15
$25.00
10/2/2026, 11:17:04 PM
2027-04-16
$24.00
10/2/2026, 11:17:04 PM
Selected expiration: 2026-10-16 at max pain $27.00.
IVZ pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2196200
2196200
16
0
2017100
2017100
17
0
1839400
1839400
18
0
1661700
1661700
19
400
1487100
1487500
20
800
1313900
1314700
21
1700
1144700
1146400
22
2600
982300
984900
23
4500
823200
827700
24
8000
684300
692300
25
14700
545400
560100
26
40100
413000
453100
27
67400
283000
350400
28
222100
181000
403100
29
398700
116800
515500
30
583300
72400
655700
31
808800
41400
850200
32
1073800
19400
1093200
33
1362600
5100
1367700
34
1704800
0
1704800
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.