iShares iBoxx Investment Grade Corporate Bond ETFClose $108.64EOD only
Max Pain
$109.00
Next expiry Jul 10, 2026
Expected Move
±$0.51
0.5% from close
Price Gap
+0.36
Distance to max pain
IV Rank
2
Low premium
P/C OI
1.60
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — LQD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $109.00 (0.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$109.00
Nearest expiry
Expected Move
±$0.51
±0.5%
Days to Expiry
8
Calendar days
Total Call OI
3,981
Nearest expiry
Total Put OI
2,431
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$108.64
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$109.00
6/26/2026, 11:20:21 PM
2026-07-02
$109.00
7/2/2026, 11:20:48 PM
2026-07-10NextUpdated
$109.00
7/3/2026, 11:17:58 PM
2026-07-17
$109.00
7/3/2026, 11:17:58 PM
2026-07-24
$108.50
7/3/2026, 11:17:58 PM
2026-07-31
$109.00
7/3/2026, 11:17:58 PM
2026-08-07
$108.50
7/3/2026, 11:17:58 PM
2026-08-21
$109.00
7/3/2026, 11:17:58 PM
2026-09-18
$109.00
7/3/2026, 11:17:58 PM
2026-10-16
$110.00
7/3/2026, 11:17:58 PM
2026-11-20
$110.00
7/3/2026, 11:17:58 PM
2026-12-18
$110.00
7/3/2026, 11:17:58 PM
2027-01-15
$107.00
7/3/2026, 11:17:58 PM
2027-02-19
$122.00
7/3/2026, 11:17:58 PM
2027-03-19
$111.00
7/3/2026, 11:17:58 PM
2027-04-16
$110.00
7/3/2026, 11:17:58 PM
2027-05-21
$108.00
7/3/2026, 11:17:58 PM
2027-06-17
$99.00
7/3/2026, 11:17:58 PM
Selected expiration: 2026-07-10 at max pain $109.00.
LQD pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
4393950
4393950
101
0
1720950
1720950
102
0
1480950
1480950
103
0
1243550
1243550
104
0
1006250
1006250
105.5
0
651800
651800
106
0
534150
534150
106.5
0
416500
416500
107
0
299400
299400
107.5
0
184600
184600
108
0
73150
73150
108.5
0
28450
28450
109
500
5900
6400
109.5
78950
3350
82300
110
247450
800
248250
110.5
443000
0
443000
111.5
840700
0
840700
112
1039600
0
1039600
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.