ThetaOwl

Max Pain — IWM

Data as of market close Apr 2, 2026

IWM Max Pain Data

Max Pain Strike
$248.00
Expected Move
±$4.88 (±1.9%)
Days to Expiry
4
Total Call OI
23,541
Total Put OI
77,303
Put/Call OI Ratio
3.28
Spot Price
$251.29

Max Pain by Expiration

Pain by Strike

ExpirationMax Pain StrikeLast Updated
2026-04-06$248.004/3/2026, 12:50:50 AM
2026-04-07$247.004/3/2026, 12:50:50 AM
2026-04-08$248.004/3/2026, 12:50:50 AM
2026-04-09$248.004/3/2026, 12:50:50 AM
2026-04-10$249.004/3/2026, 12:50:50 AM
2026-04-17$253.004/3/2026, 12:50:50 AM
2026-04-24$249.004/3/2026, 12:50:50 AM
2026-05-01$250.004/3/2026, 12:50:50 AM
2026-05-08$248.004/3/2026, 12:50:50 AM
2026-05-15$254.004/3/2026, 12:50:50 AM
2026-06-18$250.004/3/2026, 12:50:50 AM
2026-06-30$245.004/3/2026, 12:50:50 AM
2026-08-21$260.004/3/2026, 12:50:50 AM
2026-09-18$250.004/3/2026, 12:50:50 AM
2026-09-30$246.004/3/2026, 12:50:50 AM
2026-11-20$240.004/3/2026, 12:50:50 AM
2026-12-18$240.004/3/2026, 12:50:50 AM
2026-12-31$267.004/3/2026, 12:50:50 AM
2027-01-15$250.004/3/2026, 12:50:50 AM
2027-03-19$250.004/3/2026, 12:50:50 AM
IWM pain by strike for 2026-04-06 expiration
StrikeCall PainPut PainTotal Pain
1800458699600458699600
1900381458600381458600
2001000304296600304297600
2051500265763600265765100
2102000227453600227455600
2154500189165600189170100
2165600181535200181540800
2176700173905300173912000
2187800166319300166327100
2198900158772700158781600
22010000151257300151267300
22113000143842800143855800
22216000136485500136501500
22319000129159100129178100
22422000121851900121873900
22525000114600400114625400
22628200107425300107453500
22731400100283500100314900
228346009319590093230500
229395008669400086733500

View max pain levels for IWM options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.