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 Invitation Homes options about one week from expiration was $25.00. The chart above shows the exact max pain for each expiration date.

Invitation Homes closed above its near-term max pain on 14 of the last 20 trading days. On Nov 4, 2026 it closed at $27.57, 10.3% above max pain of $25.00.

Over the last 20 trading days, near-term max pain for Invitation Homes ranged from $25.00 to $27.51. It went from $27.51 on Oct 8, 2026 to $25.00 on Nov 4, 2026. See the INVH max pain history for a longer view.

Invitation Homes owns a portfolio of over 85,000 single-family rental homes.