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 International Seaways options about one week from expiration was $110.00. The chart above shows the exact max pain for each expiration date.

International Seaways closed above its near-term max pain on 13 of the last 20 trading days. On Nov 4, 2026 it closed at $99.35, 9.7% below max pain of $110.00.

Over the last 20 trading days, near-term max pain for International Seaways ranged from $109.53 to $111.00. It went from $109.99 on Oct 8, 2026 to $110.00 on Nov 4, 2026. See the INSW max pain history for a longer view.

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products.