SBA Communications CorporationClose $184.56EOD only
Max Pain
$175.00
Next expiry Jul 17, 2026
Expected Move
±$12.20
6.6% from close
Price Gap
-9.56
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.41
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects SBAC 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 — SBAC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $175.00 (9.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$12.20
±6.6%
Days to Expiry
15
Calendar days
Total Call OI
5,623
Nearest expiry
Total Put OI
2,017
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$184.56
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, 11:35:35 PM
2026-06-18
$195.00
6/18/2026, 11:28:23 PM
2026-07-17NextUpdated
$175.00
7/3/2026, 11:25:09 PM
2026-08-21
$190.00
7/3/2026, 11:25:09 PM
2026-09-18
$180.00
7/3/2026, 11:25:09 PM
2026-12-18
$220.00
7/3/2026, 11:25:09 PM
Selected expiration: 2026-07-17 at max pain $175.00.
SBAC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
5365500
5365500
160
400000
3348500
3748500
165
600000
2341000
2941000
170
800000
1336500
2136500
175
1000000
340500
1340500
180
1200000
223000
1423000
185
1957500
135500
2093000
190
3700500
83000
3783500
195
5446500
48500
5495000
200
7198000
29000
7227000
210
10919000
0
10919000
220
15526000
0
15526000
230
20379000
0
20379000
250
30109000
0
30109000
310
63841000
0
63841000
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.