Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Interactive Brokers options about one week from expiration was $80.71. The chart above shows the exact max pain for each expiration date.

Interactive Brokers closed above its near-term max pain on 1 of the last 20 trading days. On Nov 4, 2026 it closed at $77.88, 3.5% below max pain of $80.71.

Over the last 20 trading days, near-term max pain for Interactive Brokers ranged from $80.57 to $93.00. It went from $93.00 on Oct 8, 2026 to $80.71 on Nov 4, 2026. See the IBKR max pain history for a longer view.

Interactive Brokers is a large, automated retail and institutional brokerage that boasted nearly $780 billion in customer equity at the end of 2025.