iShares iBoxx Investment Grade Corporate Bond ETFClose $105.70EOD only
Max Pain
$107.00
Next expiry Aug 21, 2026
Expected Move
±$0.57
0.5% from close
Price Gap
+1.30
Distance to max pain
IV Rank
13
Low premium
P/C OI
1.93
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 17, 2026 close
End-of-day snapshot
This page reflects LQD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — LQD
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $107.00 (1.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$107.00
Nearest expiry
Expected Move
±$0.57
±0.5%
Days to Expiry
4
Calendar days
Total Call OI
212,014
Nearest expiry
Total Put OI
367,346
Nearest expiry
P/C OI Ratio
1.73
Put-heavy
Spot Price
$105.70
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
2026-08-07
$106.50
8/7/2026, 11:20:21 PM
2026-08-14
$106.50
8/14/2026, 11:20:57 PM
2026-08-21NextUpdated
$107.00
8/17/2026, 11:23:13 PM
2026-08-28
$107.00
8/17/2026, 11:23:13 PM
2026-09-04
$106.00
8/17/2026, 11:23:13 PM
2026-09-11
$106.00
8/17/2026, 11:23:13 PM
2026-09-18
$109.00
8/17/2026, 11:23:13 PM
2026-09-25
$107.00
8/17/2026, 11:23:13 PM
2026-10-16
$108.00
8/17/2026, 11:23:13 PM
2026-11-20
$109.00
8/17/2026, 11:23:13 PM
2026-12-18
$108.00
8/17/2026, 11:23:13 PM
2027-01-15
$107.00
8/17/2026, 11:23:13 PM
2027-02-19
$120.00
8/17/2026, 11:23:13 PM
2027-03-19
$111.00
8/17/2026, 11:23:13 PM
2027-04-16
$108.00
8/17/2026, 11:23:13 PM
2027-05-21
$108.00
8/17/2026, 11:23:13 PM
2027-06-17
$104.00
8/17/2026, 11:23:13 PM
2027-07-16
$99.00
8/17/2026, 11:23:13 PM
Selected expiration: 2026-08-21 at max pain $107.00.
LQD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
1467769850
1467769850
80
0
793701850
793701850
85
0
625184850
625184850
95
0
288150850
288150850
96
500
254447450
254447950
97
1300
220744050
220745350
98
2400
187040650
187043050
99
3700
153337250
153340950
100
5200
119633850
119639050
101
8000
89344650
89352650
102
10800
67575950
67586750
102.5
12200
56719900
56732100
103
13600
45864100
45877700
103.5
15000
36862750
36877750
104
16400
27926450
27942850
104.5
17800
21438750
21456550
105
19200
14957050
14976250
105.5
20650
10068450
10089100
106
42000
5400150
5442150
106.5
183500
3075850
3259350
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.