Illinois Tool Works Inc. (ITW)
Illinois Tool Works Max Pain By Strike
ITW trades at $266.22, 2.4% above the near-term max pain of $260 expiring Sep 19, 2025 (13 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7-$260), reflecting growing call interest at higher strikes. Key magnetic zone at 260 where 3 expirations converge.
Illinois Tool Works Max Pain By Expiry
Max pain for ITW shows an upward trend from 7 to 260, suggesting bullish positioning in longer-dated options. The 122% spread signals divergent expectations across timeframes. Most levels below 266.22 may cap rallies. Strong magnetic level at 260 (3 expirations). 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 | 260 | -6.22 (-2.34%) |
| Oct 17, 2025 | 260 | -6.22 (-2.34%) |
| Dec 19, 2025 | 250 | -16.22 (-6.09%) |
| Jan 16, 2026 | 7 | -259.22 (-97.37%) |
| Mar 20, 2026 | 260 | -6.22 (-2.34%) |