IBM Max Pain
IBM $253.44 · Updated Oct 26, 4:00 PM ET
IBM max pain for Oct 30, 2026 (4 days out) is $240.00, 5.3% below the current $253.44. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $240.00.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 30, 2026 | 4 | $240.00 | -5.3% | 19,268 | 12,828 |
| Nov 6, 2026 | 11 | $242.50 | -4.3% | 3,219 | 2,667 |
| Nov 13, 2026 | 18 | $245.00 | -3.3% | 1,944 | 1,696 |
| Nov 20, 2026 | 25 | $235.00 | -7.3% | 48,425 | 27,782 |
| Nov 27, 2026 | 32 | $240.00 | -5.3% | 836 | 816 |
| Dec 4, 2026 | 39 | $245.00 | -3.3% | 195 | 155 |
| Dec 18, 2026 | 53 | $240.00 | -5.3% | 42,895 | 32,346 |
| Jan 15, 2027 | 81 | $250.00 | -1.4% | 74,089 | 53,881 |
| Feb 19, 2027 | 116 | $230.00 | -9.2% | 4,775 | 5,258 |
| Mar 19, 2027 | 144 | $270.00 | +6.5% | 20,914 | 20,730 |
| Apr 16, 2027 | 172 | $230.00 | -9.2% | 1,747 | 3,003 |
How this is calculated: Max Pain methodology