This page reflects NBIX 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 — NBIX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $155.00 (19.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$7.17
±4.1%
Days to Expiry
15
Calendar days
Total Call OI
556
Nearest expiry
Total Put OI
174
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$174.26
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
$130.00
5/15/2026, 11:30:16 PM
2026-06-18
$145.00
6/18/2026, 11:28:40 PM
2026-07-17NextUpdated
$155.00
7/3/2026, 11:18:35 PM
2026-08-21
$135.00
7/3/2026, 11:18:35 PM
2026-11-20
$120.00
7/3/2026, 11:18:35 PM
2026-12-18
$160.00
7/3/2026, 11:18:35 PM
2027-01-15
$135.00
7/3/2026, 11:18:35 PM
2027-03-19
$150.00
7/3/2026, 11:18:35 PM
Selected expiration: 2026-07-17 at max pain $155.00.
NBIX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
486500
486500
125
0
309500
309500
130
1500
250500
252000
140
5500
132500
138000
145
8000
86500
94500
150
12000
54000
66000
155
19500
28500
48000
160
82500
13000
95500
165
179500
4500
184000
170
294000
1000
295000
175
481500
0
481500
180
704500
0
704500
185
946500
0
946500
190
1217500
0
1217500
195
1490500
0
1490500
200
1765000
0
1765000
210
2320000
0
2320000
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.