Ligand Pharmaceuticals IncorporClose $287.59EOD only
Max Pain
$220.00
Next expiry Aug 21, 2026
Expected Move
±$8.80
3.1% from close
Price Gap
-67.59
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
0.66
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects LGND options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — LGND
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $220.00 (67.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$8.80
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
424
Nearest expiry
Total Put OI
220
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$287.59
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$180.00
6/18/2026, 11:23:33 PM
2026-07-17
$280.00
7/17/2026, 11:21:24 PM
2026-08-21NextUpdated
$220.00
8/18/2026, 11:23:49 PM
2026-09-18
$280.00
8/18/2026, 11:23:49 PM
2026-11-20
$250.00
8/18/2026, 11:23:49 PM
2026-12-18
$300.00
8/18/2026, 11:23:49 PM
2027-01-15
$260.00
8/18/2026, 11:23:49 PM
2027-02-19
$300.00
8/18/2026, 11:23:49 PM
2027-06-17
$330.00
8/18/2026, 11:23:49 PM
Selected expiration: 2026-08-21 at max pain $220.00.
LGND pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
3185500
3185500
110
0
3075500
3075500
115
0
2967000
2967000
120
0
2858500
2858500
125
500
2750000
2750500
130
2000
2645500
2647500
135
4000
2542000
2546000
140
6000
2438500
2444500
145
13000
2335500
2348500
150
21000
2232500
2253500
155
29000
2129500
2158500
160
37000
2028000
2065000
165
45000
1927500
1972500
170
53000
1827000
1880000
175
61500
1728000
1789500
180
73000
1630000
1703000
185
96500
1533000
1629500
190
121000
1437500
1558500
195
146000
1343500
1489500
200
171000
1251000
1422000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.