Vertex Pharmaceuticals IncorporClose $528.19EOD only
Max Pain
$500.00
Next expiry Aug 21, 2026
Expected Move
±$10.43
2.0% from close
Price Gap
-28.19
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
1.04
Balanced positioning
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — VRTX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $500.00 (28.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$500.00
Nearest expiry
Expected Move
±$10.43
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
2,837
Nearest expiry
Total Put OI
4,400
Nearest expiry
P/C OI Ratio
1.55
Put-heavy
Spot Price
$528.19
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
$480.00
8/7/2026, 11:39:36 PM
2026-08-14
$482.50
8/14/2026, 11:42:48 PM
2026-08-21NextUpdated
$500.00
8/18/2026, 11:36:46 PM
2026-08-28
$480.00
8/18/2026, 11:36:46 PM
2026-09-04
$495.00
8/18/2026, 11:36:46 PM
2026-09-11
$500.00
8/18/2026, 11:36:46 PM
2026-09-18
$470.00
8/18/2026, 11:36:46 PM
2026-09-25
$515.00
8/18/2026, 11:36:46 PM
2026-10-16
$480.00
8/18/2026, 11:36:46 PM
2026-12-18
$450.00
8/18/2026, 11:36:46 PM
2027-01-15
$460.00
8/18/2026, 11:36:46 PM
2027-03-19
$470.00
8/18/2026, 11:36:46 PM
2027-06-17
$440.00
8/18/2026, 11:36:46 PM
Selected expiration: 2026-08-21 at max pain $500.00.
VRTX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
310
0
57249750
57249750
320
0
52850750
52850750
330
0
48467750
48467750
340
0
44462750
44462750
350
0
40956750
40956750
360
0
37582750
37582750
370
0
34215750
34215750
380
0
30852750
30852750
390
0
27520750
27520750
400
0
24198750
24198750
405
500
22544750
22545250
410
1000
20891250
20892250
415
1500
19241750
19243250
420
2000
17599750
17601750
425
2500
15991250
15993750
430
3500
14390250
14393750
435
6500
12845750
12852250
440
9500
11427250
11436750
445
13000
10125750
10138750
450
16500
8829750
8846250
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.