Ligand Pharmaceuticals IncorporClose $319.55EOD only
Max Pain
$280.00
Next expiry Jul 17, 2026
Expected Move
±$10.95
3.4% from close
Price Gap
-39.55
Distance to max pain
IV Rank
22
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — LGND
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $280.00 (39.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$10.95
±3.4%
Days to Expiry
15
Calendar days
Total Call OI
152
Nearest expiry
Total Put OI
180
Nearest expiry
P/C OI Ratio
1.18
Put-heavy
Spot Price
$319.55
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$200.00
5/15/2026, 11:20:16 PM
2026-06-18
$180.00
6/18/2026, 11:23:33 PM
2026-07-17NextUpdated
$280.00
7/3/2026, 11:17:48 PM
2026-08-21
$200.00
7/3/2026, 11:17:48 PM
2026-11-20
$230.00
7/3/2026, 11:17:48 PM
2027-02-19
$290.00
7/3/2026, 11:17:48 PM
Selected expiration: 2026-07-17 at max pain $280.00.
LGND pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
2510500
2510500
165
0
2060500
2060500
195
3000
1520500
1523500
200
3500
1432000
1435500
210
24500
1255000
1279500
220
65500
1079000
1144500
230
107500
903000
1010500
240
149500
730000
879500
250
192500
566000
758500
260
242500
405000
647500
270
344500
251000
595500
280
449500
102000
551500
290
579500
21000
600500
300
713500
5000
718500
310
851500
2000
853500
320
991500
1000
992500
330
1143500
0
1143500
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.