iShares iBoxx Investment Grade Corporate Bond ETFClose $107.95EOD only
Max Pain
$108.00
Next expiry May 22, 2026
Expected Move
±$0.51
0.5% from close
Price Gap
+0.05
Distance to max pain
IV Rank
3
Low premium
P/C OI
1.53
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — LQD
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $108.00 (0.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$108.00
Nearest expiry
Expected Move
±$0.51
±0.5%
Days to Expiry
2
Calendar days
Total Call OI
9,833
Nearest expiry
Total Put OI
8,646
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$107.95
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$109.00
5/8/2026, 11:19:02 PM
2026-05-15
$109.00
5/15/2026, 11:20:17 PM
2026-05-22NextUpdated
$108.00
5/20/2026, 11:23:04 PM
2026-05-29
$108.00
5/20/2026, 11:23:04 PM
2026-06-05
$108.50
5/20/2026, 11:23:04 PM
2026-06-12
$108.00
5/20/2026, 11:23:04 PM
2026-06-18
$109.00
5/20/2026, 11:23:04 PM
2026-06-26
$109.00
5/20/2026, 11:23:04 PM
2026-07-17
$109.00
5/20/2026, 11:23:04 PM
2026-08-21
$109.00
5/20/2026, 11:23:04 PM
2026-09-18
$109.00
5/20/2026, 11:23:04 PM
2026-10-16
$110.00
5/20/2026, 11:23:04 PM
2026-11-20
$111.00
5/20/2026, 11:23:04 PM
2026-12-18
$111.00
5/20/2026, 11:23:04 PM
2027-01-15
$108.00
5/20/2026, 11:23:04 PM
2027-02-19
$123.00
5/20/2026, 11:23:04 PM
2027-03-19
$111.00
5/20/2026, 11:23:04 PM
2027-04-16
$100.00
5/20/2026, 11:23:04 PM
Selected expiration: 2026-05-22 at max pain $108.00.
LQD pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
98
0
8555300
8555300
103
0
4232800
4232800
105
0
2512200
2512200
106
0
1662000
1662000
106.5
0
1237300
1237300
107
0
839250
839250
107.5
0
488050
488050
108
0
215200
215200
108.5
176800
94900
271700
109
356600
69300
425900
109.5
812850
46350
859200
110
1274000
23450
1297450
110.5
1739150
550
1739700
111
2216050
500
2216550
111.5
2698250
450
2698700
112
3181300
400
3181700
116
7114500
0
7114500
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.