This page reflects NBIX 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 — NBIX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $145.00 (9.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$3.10
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
1,611
Nearest expiry
Total Put OI
740
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$154.23
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
$145.00
6/18/2026, 11:28:40 PM
2026-07-17
$155.00
7/17/2026, 11:23:24 PM
2026-08-21NextUpdated
$145.00
8/18/2026, 11:24:43 PM
2026-09-18
$160.00
8/18/2026, 11:24:43 PM
2026-11-20
$130.00
8/18/2026, 11:24:43 PM
2026-12-18
$150.00
8/18/2026, 11:24:43 PM
2027-01-15
$165.00
8/18/2026, 11:24:43 PM
2027-02-19
$170.00
8/18/2026, 11:24:43 PM
2027-03-19
$165.00
8/18/2026, 11:24:43 PM
Selected expiration: 2026-08-21 at max pain $145.00.
NBIX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
4119000
4119000
90
0
3379000
3379000
95
0
3009500
3009500
100
0
2641500
2641500
105
500
2275500
2276000
110
5000
1909500
1914500
115
10000
1546000
1556000
120
17000
1183500
1200500
125
24500
972000
996500
130
33000
761500
794500
135
64500
551000
615500
140
246000
343500
589500
145
430000
137000
567000
150
675500
82000
757500
155
941000
43500
984500
160
1239500
21500
1261000
165
1649500
7000
1656500
170
2095500
0
2095500
175
2622000
0
2622000
180
3189500
0
3189500
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.