Innoviva Inc. (INVA)
Innoviva Max Pain By Strike
INVA trades at $19.97, pinned near the near-term max pain of $20 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$70), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Innoviva Max Pain By Expiry
Max pain for INVA shows a downward trend from 70 to 2.5, indicating bearish sentiment or hedging activity. The 260% spread signals divergent expectations across timeframes. Levels distributed around 19.97. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 20 | 0.03 (0.15%) |
| Oct 17, 2025 | 2.5 | -17.47 (-87.48%) |
| Dec 19, 2025 | 20 | 0.03 (0.15%) |
| Mar 20, 2026 | 17.5 | -2.47 (-12.37%) |
| Dec 18, 2026 | 70 | 50.03 (250.53%) |