This page reflects NBIX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — NBIX
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $145.00 (1.82 above 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
±$7.80
±5.5%
Days to Expiry
14
Calendar days
Total Call OI
768
Nearest expiry
Total Put OI
154
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$143.18
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$145.00
8/21/2026, 11:24:26 PM
2026-09-18
$160.00
9/18/2026, 11:22:03 PM
2026-10-16NextUpdated
$145.00
10/2/2026, 11:20:17 PM
2026-11-20
$145.00
10/2/2026, 11:20:17 PM
2026-12-18
$155.00
10/2/2026, 11:20:17 PM
2027-01-15
$165.00
10/2/2026, 11:20:17 PM
2027-02-19
$165.00
10/2/2026, 11:20:17 PM
2027-03-19
$145.00
10/2/2026, 11:20:17 PM
2027-05-21
$105.00
10/2/2026, 11:20:17 PM
2027-06-17
$140.00
10/2/2026, 11:20:17 PM
2027-07-16
$165.00
10/2/2026, 11:20:17 PM
Selected expiration: 2026-10-16 at max pain $145.00.
NBIX pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
332500
332500
125
500
255500
256000
130
1000
183000
184000
135
1500
123000
124500
140
7000
73000
80000
145
22500
38000
60500
150
317000
16000
333000
155
637000
4500
641500
160
986000
500
986500
165
1351500
0
1351500
170
1728000
0
1728000
175
2109000
0
2109000
180
2492000
0
2492000
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.