This page reflects IVZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — IVZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $32.00 (0.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$0.80
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
3,270
Nearest expiry
Total Put OI
2,749
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$32.38
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$27.00
6/18/2026, 11:22:22 PM
2026-07-17
$23.00
7/17/2026, 11:19:12 PM
2026-08-21NextUpdated
$32.00
8/18/2026, 11:18:59 PM
2026-09-18
$30.00
8/18/2026, 11:18:59 PM
2026-10-16
$27.00
8/18/2026, 11:18:59 PM
2027-01-15
$22.00
8/18/2026, 11:18:59 PM
Selected expiration: 2026-08-21 at max pain $32.00.
IVZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
3182500
3182500
16
0
2909400
2909400
17
0
2637300
2637300
18
0
2366000
2366000
19
0
2095000
2095000
20
0
1824000
1824000
21
0
1553300
1553300
22
0
1282600
1282600
23
0
1012500
1012500
24
0
743700
743700
25
0
477100
477100
26
3000
378000
381000
27
6000
301500
307500
28
9100
227000
236100
29
12700
155300
168000
30
16800
89800
106600
31
27600
38000
65600
32
57100
600
57700
33
271200
0
271200
34
585200
0
585200
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.