This page reflects NBIX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — NBIX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $145.00 (9.67 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
±$12.25
±7.9%
Days to Expiry
29
Calendar days
Total Call OI
927
Nearest expiry
Total Put OI
771
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$154.67
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$130.00
4/17/2026, 11:19:49 PM
2026-05-15
$130.00
5/15/2026, 11:30:16 PM
2026-06-18NextUpdated
$145.00
5/20/2026, 11:23:11 PM
2026-08-21
$135.00
5/20/2026, 11:23:11 PM
2026-11-20
$125.00
5/20/2026, 11:23:11 PM
2026-12-18
$160.00
5/20/2026, 11:23:11 PM
2027-01-15
$130.00
5/20/2026, 11:23:11 PM
Selected expiration: 2026-06-18 at max pain $145.00.
NBIX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
4762000
4762000
100
0
3224000
3224000
105
2000
2841000
2843000
110
4000
2465500
2469500
115
7500
2095000
2102500
120
11000
1732500
1743500
125
14500
1376500
1391000
130
22500
1030500
1053000
135
34500
686000
720500
140
58000
341500
399500
145
91000
26000
117000
150
281500
13000
294500
155
489500
1000
490500
160
720500
0
720500
165
1140000
0
1140000
170
1563000
0
1563000
175
2000000
0
2000000
180
2444000
0
2444000
185
2888000
0
2888000
190
3334500
0
3334500
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.