Vertex Pharmaceuticals IncorporClose $430.44EOD only
Max Pain
$440.00
Next expiry May 22, 2026
Expected Move
±$8.60
2.0% from close
Price Gap
+9.56
Distance to max pain
IV Rank
37
Middle-high premium
P/C OI
1.00
Balanced positioning
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects VRTX 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 — VRTX
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $440.00 (9.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$440.00
Nearest expiry
Expected Move
±$8.60
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
1,463
Nearest expiry
Total Put OI
1,970
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$430.44
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
$427.50
5/8/2026, 11:37:02 PM
2026-05-15
$430.00
5/15/2026, 11:45:48 PM
2026-05-22NextUpdated
$440.00
5/20/2026, 11:37:57 PM
2026-05-29
$430.00
5/20/2026, 11:37:57 PM
2026-06-05
$430.00
5/20/2026, 11:37:57 PM
2026-06-12
$395.00
5/20/2026, 11:37:57 PM
2026-06-18
$450.00
5/20/2026, 11:37:57 PM
2026-06-26
$440.00
5/20/2026, 11:37:57 PM
2026-07-17
$470.00
5/20/2026, 11:37:57 PM
2026-09-18
$440.00
5/20/2026, 11:37:57 PM
2026-10-16
$430.00
5/20/2026, 11:37:57 PM
2026-12-18
$400.00
5/20/2026, 11:37:57 PM
2027-01-15
$450.00
5/20/2026, 11:37:57 PM
2027-03-19
$460.00
5/20/2026, 11:37:57 PM
Selected expiration: 2026-05-22 at max pain $440.00.
VRTX pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
280
0
22571500
22571500
285
500
21586500
21587000
295
1500
19616500
19618000
300
2000
18653500
18655500
305
2500
17695000
17697500
310
3000
16750500
16753500
315
3500
15819500
15823000
320
4000
14901000
14905000
325
4500
13988500
13993000
330
5000
13107500
13112500
335
5500
12248500
12254000
340
6000
11408000
11414000
345
15500
10612000
10627500
350
25000
9833000
9858000
355
34500
9061000
9095500
360
44000
8295000
8339000
365
54000
7536500
7590500
370
64000
6799000
6863000
375
74000
6201000
6275000
380
84000
5635000
5719000
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.