This page reflects IVZ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — IVZ
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $23.00 (4.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$1.83
±6.8%
Days to Expiry
15
Calendar days
Total Call OI
30,718
Nearest expiry
Total Put OI
4,128
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$27.01
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$24.00
5/15/2026, 11:18:38 PM
2026-06-18
$27.00
6/18/2026, 11:22:22 PM
2026-07-17NextUpdated
$23.00
7/3/2026, 11:16:09 PM
2026-08-21
$26.00
7/3/2026, 11:16:09 PM
2026-09-18
$27.00
7/3/2026, 11:16:09 PM
2026-10-16
$25.00
7/3/2026, 11:16:09 PM
2027-01-15
$17.00
7/3/2026, 11:16:09 PM
Selected expiration: 2026-07-17 at max pain $23.00.
IVZ pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
4483100
4483100
16
0
4071300
4071300
17
0
3661400
3661400
18
100
3252800
3252900
19
900
2845800
2846700
20
2500
2441700
2444200
21
5500
2051700
2057200
22
8800
1672900
1681700
23
162500
1304400
1466900
24
984300
945100
1929400
25
1842600
658200
2500800
26
3015400
411000
3426400
27
4587500
225800
4813300
28
6947100
76200
7023300
29
9347600
2900
9350500
30
11925400
0
11925400
31
14772800
0
14772800
32
17634800
0
17634800
33
20691900
0
20691900
34
23759300
0
23759300
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.